Occidental Petroleum Corporation

Occidental Petroleum Corporation

Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. It operates through three segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops, and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities.

Stock Performance Snapshot

Hold

Analyst Rating

Analysts suggest keeping Occidental Petroleum's stock, with a target price indicating potential growth.

Above Average

Financial Health

Occidental Petroleum is showing strong revenue and profits, supported by healthy cash generation.

Average

Dividend

Occidental Petroleumโ€™s dividend yield of 2.16% is reasonable for investors seeking dividend income. If you invested $1000 you would be paid $21.60 a year in dividends (based on the last 12 months).

Source: Analyst sentiment is provided by Refinitiv Ltd, a global leader in financial market data with over 40k business clients. Refinitiv Ltd is an independent third party to Nemo. This is not advice.

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Why Youโ€™ll Want to Watch This Stock

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Permian production exposure

Significant Permian Basin operations drive scale and cash generation, though output and profits remain tied to volatile oil and gas prices.

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Carbon capture initiatives

Occidental invests in carbon management and CO2โ€‘based enhanced recovery, offering diversification but adding execution and regulatory risks.

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Cyclical, regulatory risks

Energy transition and environmental policy can affect longโ€‘term prospects; investors should balance potential returns with transition and market volatility.

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