Free Trial

Occidental Petroleum (OXY) Stock Forecast & Price Target

Occidental Petroleum logo
$35.00 -1.11 (-3.06%)
As of 09:35 AM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Occidental Petroleum - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
2
Hold
12
Buy
6

Based on 20 Wall Street analysts who have issued ratings for Occidental Petroleum in the last 12 months, the stock has a consensus rating of "Hold." Out of the 20 analysts, 2 have given a sell rating, 12 have given a hold rating, and 6 have given a buy rating for OXY.

Consensus Price Target

$57.90
65.42% Upside
According to the 20 analysts' twelve-month price targets for Occidental Petroleum, the average price target is $57.90. The highest price target for OXY is $75.00, while the lowest price target for OXY is $44.00. The average price target represents a forecasted upside of 65.42% from the current price of $35.00.
Get the Latest News and Ratings for OXY and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Occidental Petroleum and its competitors.

Sign Up

OXY Analyst Ratings Over Time

TypeCurrent Forecast
4/9/24 to 4/9/25
1 Month Ago
3/10/24 to 3/10/25
3 Months Ago
1/10/24 to 1/9/25
1 Year Ago
4/10/23 to 4/9/24
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
Buy
6 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
Hold
12 Hold rating(s)
12 Hold rating(s)
13 Hold rating(s)
8 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$57.90$60.86$62.10$70.31
Forecasted Upside65.42% Upside28.54% Upside21.37% Upside2.57% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Remove Ads

OXY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
Skip Chart & View Analyst Rating History

OXY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Occidental Petroleum Stock vs. The Competition

TypeOccidental PetroleumEnergy CompaniesS&P 500
Consensus Rating Score
2.20
2.71
2.54
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside61.25% Upside1,782.76% Upside36.27% Upside
News Sentiment Rating
Positive News

See Recent OXY News
Positive News
Positive News
Remove Ads
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/8/2025TD Cowen
4 of 5 stars
David Deckelbaum
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeBuy ➝ Hold$68.00 ➝ $45.00+16.27%
4/7/2025UBS Group
4 of 5 stars
Josh Silverstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$52.00 ➝ $44.00+13.38%
3/26/2025Morgan Stanley
3 of 5 stars
Devin McDermott
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set TargetOverweight ➝ Overweight$63.00 ➝ $58.00+16.09%
3/17/2025Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Scott Gruber
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$56.00 ➝ $51.00+7.56%
3/13/2025JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating
John Royall
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$59.00 ➝ $52.00+15.06%
3/10/2025Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating
John Freeman
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeStrong-Buy ➝ Outperform$81.00 ➝ $64.00+35.44%
3/6/2025Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Mark Lear
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Lower TargetNeutral ➝ Neutral$51.00 ➝ $50.00+9.78%
2/21/2025Wells Fargo & Company
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingEqual Weight ➝ Equal Weight
2/19/2025Stephens
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Mike Scialla
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Reiterated RatingOverweight ➝ Overweight$71.00 ➝ $71.00+38.11%
1/31/2025The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
N. Mehta
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeNeutral ➝ Sell$54.00 ➝ $45.00-7.92%
1/23/2025Roth Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Leo Mariani
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Set Target$54.00+7.11%
1/13/2025Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Neal Dingmann
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetHold ➝ Hold$56.00 ➝ $58.00+11.37%
12/16/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetNeutral ➝ Neutral$72.00 ➝ $70.00+46.94%
11/14/2024Susquehanna
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetPositive ➝ Positive$77.00 ➝ $65.00+27.15%
11/12/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetHold ➝ Hold$53.00 ➝ $54.00+6.74%
11/12/2024Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating
D. Leggate
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Boost TargetBuy ➝ Buy$73.00 ➝ $75.00+48.25%
10/17/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageNeutral$57.00+11.20%
10/10/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetSector Outperform ➝ Sector Outperform$80.00 ➝ $65.00+18.79%
10/4/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform ➝ Market Perform$70.00 ➝ $65.00+16.70%
10/3/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetEqual Weight ➝ Equal Weight$67.00 ➝ $58.00+7.31%
9/30/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetUnderperform ➝ Underperform$67.00 ➝ $63.00+22.85%
4/8/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHold$65.00-6.14%
9/12/2023Roth Mkm
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingNeutral ➝ Neutral$60.00-8.72%
6/13/202351job
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Reiterated RatingMaintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:22 AM ET.


Should I Buy Occidental Petroleum Stock? OXY Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, April 7, 2025. Please send any questions or comments about these Occidental Petroleum pros and cons to contact@marketbeat.com.

Occidental Petroleum
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in Occidental Petroleum Co.:

  • Occidental Petroleum Co. has a significant institutional ownership, with 88.70% of its stock held by hedge funds and other institutional investors, indicating strong confidence in the company's future performance.
  • The company is actively engaged in the acquisition, exploration, and development of oil and gas properties, which positions it well to capitalize on rising energy demands and prices.
  • Recent investments, such as Weiss Asset Management LP acquiring a stake worth approximately $2,509,000, suggest that institutional investors are recognizing potential growth opportunities within the company.
  • As of now, the stock price of Occidental Petroleum Co. reflects its market position and investor sentiment, making it a potentially attractive entry point for new investors.
  • Occidental operates through multiple segments, including Oil and Gas, Chemical, and Midstream and Marketing, providing diversification that can help mitigate risks associated with fluctuations in any single market segment.

Occidental Petroleum
Bear Case

red Wall Street bear icon

Investors should be bearish about investing in Occidental Petroleum Co. for these reasons:

  • High institutional ownership can lead to volatility, as large investors may sell off shares quickly in response to market changes, potentially impacting stock prices negatively.
  • The oil and gas industry is subject to significant regulatory scrutiny and environmental concerns, which can lead to increased operational costs and potential legal challenges for Occidental Petroleum Co.
  • Fluctuations in global oil prices can heavily impact the company's profitability, making it vulnerable to economic downturns or shifts in energy policy.
  • Recent market trends indicate a growing shift towards renewable energy sources, which could pose long-term challenges for traditional oil and gas companies like Occidental Petroleum Co.
  • Investors may find that the company's growth potential is limited compared to emerging technologies and sectors, which could offer higher returns in the long run.

OXY Forecast - Frequently Asked Questions

According to the research reports of 20 Wall Street equities research analysts, the average twelve-month stock price forecast for Occidental Petroleum is $57.90, with a high forecast of $75.00 and a low forecast of $44.00.

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Occidental Petroleum in the last twelve months. There are currently 2 sell ratings, 12 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" OXY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in OXY, but not buy additional shares or sell existing shares.

According to analysts, Occidental Petroleum's stock has a predicted upside of 65.42% based on their 12-month stock forecasts.

Over the previous 90 days, Occidental Petroleum's stock had 3 downgrades by analysts.

Analysts like Occidental Petroleum less than other "energy" companies. The consensus rating for Occidental Petroleum is Hold while the average consensus rating for "energy" companies is Moderate Buy. Learn more on how OXY compares to other companies.


This page (NYSE:OXY) was last updated on 4/9/2025 by MarketBeat.com Staff
From Our Partners