Occidental Petroleum Corporation
Occidental Petroleum Corporation (OXY) is a US-based integrated energy company chiefly involved in oil and gas exploration and production, with significant operations in the Permian Basin and related midstream and chemical activities. The company also pursues carbon management opportunities, including carbon capture and utilisation initiatives, which complement its enhanced oil recovery work. With a market capitalisation in the multi‑billion-dollar range, Occidental’s cash flows and profits are highly sensitive to oil and gas prices and to operational performance in its core basins. Investors should weigh the potential for income and capital appreciation against cyclical commodity risk, capital intensity and regulatory and environmental transition pressures. Historical dividends and capital allocation can change with oil cycles and balance‑sheet priorities. This summary is for general, educational purposes only and does not constitute personal advice; values can rise and fall and returns are not guaranteed. Consider consulting a financial adviser to assess whether OXY fits your investment objectives and risk tolerance.
Why It's Moving
Bank of America cuts OXY target amid Wall Street's cautious outlook on oil producer.
Occidental Petroleum faces headwinds from fresh analyst downgrades, with Bank of America trimming its price target to $44 while maintaining a neutral rating, signaling tempered expectations for the stock. This comes as broader Wall Street consensus leans toward 'Hold,' reflecting pressures in the oil sector despite the company's solid dividend profile and Berkshire Hathaway's backing.
- Bank of America lowered its OXY price target from $45 to $44 on December 11, implying modest 5.4% upside and highlighting ongoing sector challenges.[1]
- OXY gears up for a $0.24 dividend payable January 15, backed by 38% annual earnings growth over five years and a conservative payout ratio, appealing to income investors.[2]
- Analysts' consensus rates OXY a 'Hold' with a $50.05 average target, mixing buys and sells amid Berkshire's long-term stake but recent bearish revisions.[1]
Bank of America cuts OXY target amid Wall Street's cautious outlook on oil producer.
Occidental Petroleum faces headwinds from fresh analyst downgrades, with Bank of America trimming its price target to $44 while maintaining a neutral rating, signaling tempered expectations for the stock. This comes as broader Wall Street consensus leans toward 'Hold,' reflecting pressures in the oil sector despite the company's solid dividend profile and Berkshire Hathaway's backing.
- Bank of America lowered its OXY price target from $45 to $44 on December 11, implying modest 5.4% upside and highlighting ongoing sector challenges.[1]
- OXY gears up for a $0.24 dividend payable January 15, backed by 38% annual earnings growth over five years and a conservative payout ratio, appealing to income investors.[2]
- Analysts' consensus rates OXY a 'Hold' with a $50.05 average target, mixing buys and sells amid Berkshire's long-term stake but recent bearish revisions.[1]
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Occidental Petroleum's stock with a target price of $49.32, indicating modest growth potential.
Financial Health
Occidental Petroleum is performing well with solid revenue and cash flow, indicating strong financial stability.
Dividend
Occidental Petroleum's dividend yield of 2.29% offers a reasonable return for dividend-seeking investors. If you invested $1000 you would be paid $22.90 a year in dividends (based on the last 12 months).
View more stocks by downloading the app for FREE
It only takes 60 seconds.
Baskets Featuring OXY
Aftermath of Airstrikes: Defense & Energy Fortification
A carefully selected group of defense contractors and energy companies positioned to benefit from recent US military action against Iran. These stocks were handpicked by our analysts to capture potential gains from increased defense spending and energy price volatility in an unstable Middle East.
Published: July 1, 2025
Explore BasketCarbon-Negative Supply-Chain Enablers
This carefully selected group of stocks represents companies building our carbon-negative future. Professional analysts have identified these firms as leaders in technologies that permanently remove CO₂ from the atmosphere, positioning them to benefit from the growing demand for verifiable carbon removal solutions.
Published: June 17, 2025
Explore BasketBye-Bye Buffet: The 5,500,000% Investor
Follow in the footsteps of Warren Buffett, one of history's greatest investors, with this carefully selected portfolio of his favorite companies. As Buffett prepares to step down as Berkshire's CEO, now's your chance to invest like the Oracle of Omaha.
Published: May 18, 2025
Explore BasketTrump's US$1 Trillion Gulf Deals
This carefully selected group of stocks and ETFs is positioned to benefit from President Trump's historic investment agreements with Gulf nations. Our analysts have identified companies that could see significant growth from these massive cross-border deals in technology, energy, and infrastructure.
Published: May 9, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Permian production exposure
Significant Permian Basin operations drive scale and cash generation, though output and profits remain tied to volatile oil and gas prices.
Carbon capture initiatives
Occidental invests in carbon management and CO2‑based enhanced recovery, offering diversification but adding execution and regulatory risks.
Cyclical, regulatory risks
Energy transition and environmental policy can affect long‑term prospects; investors should balance potential returns with transition and market volatility.
Why invest with Nemo?
Zero Commission
Trade stocks, ETFs, and more with zero commission. Keep more of your returns.
Trusted & Regulated
Part of Exinity Group 2015, serving over a million customers globally.
6% Interest on Cash
Earn 6% AER on uninvested cash with daily interest payments.
