Occidental Petroleum (OXY) News Today

Occidental Petroleum Corporation (NYSE:OXY) has seen mixed catalysts over the past 24 hours. Analysts at JPMorgan and Zacks offered upside support with a price‐target boost and EPS upgrade, while Wells Fargo’s cut, an analyst downgrade, and production headwinds in the U.S. Gulf have weighed on the shares. Below is a breakdown of the key developments driving investor sentiment.

• Positive Sentiment: JPMorgan Chase & Co. raised its OXY price target from $47.00 to $48.00, implying a 12.2% upside, while maintaining a neutral rating. OXY Given New $48.00 Price Target at JPMorgan
• Positive Sentiment: Zacks Research lifted its Q3 2025 EPS estimate for Occidental from $0.49 to $0.50 per share, pointing to stronger near‐term earnings potential. Q3 EPS Forecast Lifted by Analyst
• Neutral Sentiment: Occidental was featured among MarketBeat’s “Best Oil Stocks To Watch Now,” underscoring its visibility in the sector. Best Oil Stocks To Watch Now – July 15th
• Neutral Sentiment: A critical survey of mid-cap energy names listed Occidental alongside National Fuel Gas, providing broader sector context. Critical Survey: Occidental Petroleum and National Fuel Gas
• Negative Sentiment: Wells Fargo & Company cut its price target on OXY from $47.00 to $46.00 and kept an “equal weight” rating, trimming upside expectations. Wells Fargo Cuts Price Target to $46.00
• Negative Sentiment: Shares traded lower after an analyst downgrade, reflecting growing caution. OXY Trading Down 2.6% on Analyst Downgrade
• Negative Sentiment: Occidental flagged weaker U.S. Gulf of Mexico output in Q2 due to third-party constraints and extended maintenance. Occidental Signals Weaker US Gulf Output in Q2
• Negative Sentiment: A separate report warned of lower production and an oil‐price hit to Q2 earnings, highlighting margin pressure. Occidental Flags Lower Production and Oil Price Hit to Q2 Earnings
• Negative Sentiment: Reuters reported that Gulf of Mexico output was curtailed in Q2 by third-party constraints and schedule‐related delays. Gulf of Mexico Output Hit by Curtailments
• Negative Sentiment: One note highlighted a 3.5% drop in OXY shares, raising questions around next steps for investors. OXY Trading Down 3.5% – What’s Next?