Occidental Petroleum (OXY) Stock Forecast, Price Target & Predictions
OXY Stock Forecast
Occidental Petroleum stock forecast is as follows: an average price target of $60.85 (represents a 20.50% upside from OXY’s last price of $50.50) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
OXY Price Target
The average price target for Occidental Petroleum (OXY) is $60.85 based on 1-year price targets from 20 Wall Street analysts in the past 3 months, with a price target range of $90.00 to $24.00. This represents a potential 20.50% upside from OXY's last price of $50.50.
OXY Analyst Ratings
According to 20 Wall Street analysts, Occidental Petroleum's rating consensus is 'Buy'. The analyst rating breakdown for OXY stock is 1 'Strong Buy' (5.00%), 12 'Buy' (60.00%), 6 'Hold' (30.00%), 1 'Sell' (5.00%), and 0 'Strong Sell' (0.00%).
Occidental Petroleum Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Biju Perincheril | Susquehanna | $77.00 | $51.72 | 48.88% | 52.48% |
| Oct 17, 2024 | Jean Ann Salisbury | Bank of America Securities | $57.00 | $51.26 | 11.20% | 12.87% |
| Oct 16, 2024 | Nitin Kumar | Mizuho Securities | $72.00 | $51.56 | 39.64% | 42.57% |
| Oct 10, 2024 | Paul Cheng | Scotiabank | $65.00 | $53.90 | 20.59% | 28.71% |
| Oct 02, 2024 | Betty Jiang | Barclays | $58.00 | $53.25 | 8.92% | 14.85% |
| Aug 18, 2024 | Betty Jiang | Barclays | $67.00 | $57.61 | 16.30% | 32.67% |
| Jul 22, 2024 | Mike Scialla | Stephens | $76.00 | $61.21 | 24.16% | 50.50% |
| Jul 22, 2024 | Neal Dingmann | Truist Financial | $67.00 | $61.21 | 9.46% | 32.67% |
| Jul 12, 2024 | Paul Cheng | Scotiabank | $80.00 | $61.48 | 30.12% | 58.42% |
| May 16, 2024 | Neal Dingmann | Truist Financial | $69.00 | $63.38 | 8.87% | 36.63% |
The latest Occidental Petroleum stock forecast, released on Oct 18, 2024 by Biju Perincheril from Susquehanna, set a price target of $77.00, which represents a 48.88% increase from the stock price at the time of the forecast ($51.72), and a 52.48% increase from OXY last price ($50.50).
Occidental Petroleum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 5 | 17 |
| Avg Price Target | - | $65.80 | $70.41 |
| Last Closing Price | $50.50 | $50.50 | $50.50 |
| Upside/Downside | -100.00% | 30.30% | 39.43% |
In the current month, the average price target of Occidental Petroleum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Occidental Petroleum's last price of $50.50. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 18, 2024 | Susquehanna | Positive | Positive | Hold |
| Oct 10, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Oct 02, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 18, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Jul 22, 2024 | Stephens | Overweight | Overweight | Hold |
| Jul 17, 2024 | Wolfe Research | - | Outperform | Initialise |
| Jul 12, 2024 | Scotiabank | Sector Perform | Sector Perform | Hold |
| Jun 21, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| May 24, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Apr 11, 2024 | Citigroup | Neutral | Neutral | Hold |
Occidental Petroleum's last stock rating was published by Susquehanna on Oct 18, 2024. The company gave OXY a "Positive" rating, the same as its previous rate.
Occidental Petroleum Financial Forecast
Occidental Petroleum Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $7.17B | $7.16B | $6.70B | $7.22B | $8.22B | $9.39B | $10.68B | $8.35B | $7.91B | $6.79B | $5.96B | $5.29B | $4.16B | $4.11B | $2.93B | $6.41B | $6.28B | $5.69B |
| Avg Forecast | $7.69B | $7.61B | $7.49B | $7.48B | $7.43B | $7.40B | $7.16B | $7.09B | $7.05B | $7.12B | $6.74B | $6.58B | $6.93B | $7.08B | $6.92B | $7.46B | $8.53B | $9.26B | $9.77B | $7.78B | $7.19B | $6.45B | $5.87B | $4.79B | $4.32B | $4.22B | $3.87B | $5.16B | $6.26B | $5.63B |
| High Forecast | $8.06B | $7.97B | $7.85B | $7.84B | $7.79B | $7.75B | $7.50B | $7.51B | $7.23B | $7.38B | $6.84B | $6.65B | $7.35B | $7.46B | $7.26B | $7.82B | $8.94B | $9.26B | $9.77B | $7.78B | $7.19B | $6.45B | $5.87B | $4.79B | $4.32B | $4.22B | $3.87B | $5.16B | $6.26B | $5.63B |
| Low Forecast | $7.04B | $6.97B | $6.86B | $6.86B | $6.81B | $6.78B | $6.56B | $6.76B | $6.69B | $6.87B | $6.64B | $6.51B | $6.66B | $5.88B | $6.35B | $6.84B | $7.82B | $9.26B | $9.77B | $7.78B | $7.19B | $6.45B | $5.87B | $4.79B | $4.32B | $4.22B | $3.87B | $5.16B | $6.26B | $5.63B |
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 7 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.04% | 1.01% | 0.97% | 0.97% | 0.96% | 1.01% | 1.09% | 1.07% | 1.10% | 1.05% | 1.02% | 1.11% | 0.96% | 0.97% | 0.76% | 1.24% | 1.00% | 1.01% |
Occidental Petroleum's average Quarter revenue forecast for Mar 24 based on 4 analysts is $6.58B, with a low forecast of $6.51B, and a high forecast of $6.65B. OXY's average Quarter revenue forecast represents a -8.28% decrease compared to the company's last Quarter revenue of $7.17B (Dec 23).
Occidental Petroleum EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 7 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $3.23B | $2.66B | $3.29B | $3.69B | $4.42B | $5.33B | $6.49B | $4.70B | $4.50B | $3.65B | $3.01B | $2.45B | $1.55B | $1.70B | $992.00M | $3.03B | $2.69B | $2.62B |
| Avg Forecast | $2.57B | $2.54B | $2.50B | $2.50B | $2.49B | $2.47B | $2.39B | $2.37B | $2.36B | $2.38B | $2.25B | $2.20B | $2.32B | $2.37B | $2.32B | $2.49B | $3.14B | $4.61B | $4.86B | $3.87B | $3.58B | $2.37B | $2.92B | $2.38B | $2.15B | $2.10B | $1.93B | $586.13M | $3.12B | $2.80B |
| High Forecast | $2.69B | $2.67B | $2.63B | $2.62B | $2.61B | $2.59B | $2.51B | $2.51B | $2.42B | $2.47B | $2.29B | $2.22B | $2.46B | $2.49B | $2.43B | $2.61B | $3.76B | $4.61B | $4.86B | $3.87B | $3.58B | $2.84B | $2.92B | $2.38B | $2.15B | $2.10B | $1.93B | $703.35M | $3.12B | $2.80B |
| Low Forecast | $2.36B | $2.33B | $2.30B | $2.29B | $2.28B | $2.27B | $2.19B | $2.26B | $2.24B | $2.30B | $2.22B | $2.18B | $2.23B | $1.97B | $2.12B | $2.29B | $2.51B | $4.61B | $4.86B | $3.87B | $3.58B | $1.89B | $2.92B | $2.38B | $2.15B | $2.10B | $1.93B | $468.90M | $3.12B | $2.80B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.39% | 1.13% | 1.42% | 1.48% | 1.41% | 1.16% | 1.33% | 1.21% | 1.26% | 1.54% | 1.03% | 1.03% | 0.72% | 0.81% | 0.51% | 5.17% | 0.86% | 0.93% |
4 analysts predict OXY's average Quarter EBITDA for Mar 24 to be $2.20B, with a high of $2.22B and a low of $2.18B. This is -31.89% lower than Occidental Petroleum's previous annual EBITDA (Dec 23) of $3.23B.
Occidental Petroleum Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 7 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $1.02B | $1.38B | $860.00M | $1.26B | $1.73B | $2.75B | $3.75B | $4.88B | $1.56B | $828.00M | $103.00M | $-146.00M | $-1.11B | $-3.58B | $-8.13B | $-2.01B | $-1.14B | $-794.00M |
| Avg Forecast | $1.16B | $1.16B | $1.06B | $1.06B | $862.43M | $816.03M | $715.15M | $747.82M | $725.37M | $711.24M | $745.46M | $5.41B | $645.70M | $844.64M | $696.25M | $4.92B | $1.11B | $2.37B | $2.90B | $4.47B | $1.05B | $547.75M | $8.62M | $-316.74M | $-557.45M | $-689.30M | $-1.61B | $-2.36B | $-166.94M | $355.79M |
| High Forecast | $1.23B | $1.23B | $1.13B | $1.13B | $916.41M | $867.10M | $759.91M | $1.00B | $1.02B | $755.75M | $747.58M | $6.49B | $890.02M | $1.22B | $739.82M | $5.90B | $1.33B | $2.37B | $2.90B | $5.36B | $1.05B | $657.30M | $8.62M | $-316.74M | $-557.45M | $-689.30M | $-1.61B | $-1.89B | $-166.94M | $355.79M |
| Low Forecast | $1.04B | $1.03B | $949.29M | $944.73M | $768.81M | $727.44M | $637.51M | $388.11M | $528.49M | $634.02M | $743.34M | $4.33B | $497.36M | $216.07M | $620.66M | $3.93B | $885.31M | $2.37B | $2.90B | $3.57B | $1.05B | $438.20M | $8.62M | $-316.74M | $-557.45M | $-689.30M | $-1.61B | $-2.84B | $-166.94M | $355.79M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.58% | 1.63% | 1.24% | 0.26% | 1.56% | 1.16% | 1.29% | 1.09% | 1.48% | 1.51% | 11.95% | 0.46% | 1.99% | 5.19% | 5.06% | 0.85% | 6.82% | -2.23% |
Occidental Petroleum's average Quarter net income forecast for Mar 24 is $5.41B, with a range of $4.33B to $6.49B. OXY's average Quarter net income forecast represents a 428.55% increase compared to the company's last Quarter net income of $1.02B (Dec 23).
Occidental Petroleum SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 7 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $307.00M | $258.00M | $277.00M | $241.00M | $258.00M | $247.00M | $244.00M | $196.00M | $280.00M | $240.00M | $177.00M | $166.00M | $209.00M | $166.00M | $225.00M | $260.00M | $337.00M | $242.00M |
| Avg Forecast | $290.78M | $287.68M | $283.34M | $283.12M | $281.16M | $279.81M | $270.67M | $268.16M | $266.67M | $269.49M | $254.96M | $226.65M | $262.07M | $267.64M | $261.95M | $206.04M | $201.60M | $350.33M | $369.47M | $187.31M | $272.14M | $158.77M | $221.93M | $181.05M | $163.39M | $159.58M | $146.57M | $305.40M | $236.83M | $213.10M |
| High Forecast | $304.77M | $301.53M | $296.98M | $296.75M | $294.70M | $293.28M | $283.70M | $284.15M | $273.63M | $279.12M | $258.60M | $271.97M | $277.85M | $282.14M | $274.56M | $247.25M | $241.92M | $350.33M | $369.47M | $224.77M | $272.14M | $190.52M | $221.93M | $181.05M | $163.39M | $159.58M | $146.57M | $366.48M | $236.83M | $213.10M |
| Low Forecast | $266.49M | $263.65M | $259.68M | $259.48M | $257.68M | $256.45M | $248.07M | $255.81M | $253.12M | $259.85M | $251.32M | $181.32M | $251.79M | $222.55M | $240.08M | $164.83M | $161.28M | $350.33M | $369.47M | $149.85M | $272.14M | $127.02M | $221.93M | $181.05M | $163.39M | $159.58M | $146.57M | $244.32M | $236.83M | $213.10M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 0.96% | 1.06% | 1.17% | 1.28% | 0.71% | 0.66% | 1.05% | 1.03% | 1.51% | 0.80% | 0.92% | 1.28% | 1.04% | 1.54% | 0.85% | 1.42% | 1.14% |
Occidental Petroleum's average Quarter SG&A projection for Mar 24 is $226.65M, based on 4 Wall Street analysts, with a range of $181.32M to $271.97M. The forecast indicates a -26.17% fall compared to OXY last annual SG&A of $307.00M (Dec 23).
Occidental Petroleum EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 6 | 6 | 3 | 3 | 4 | 7 | 10 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $1.16 | $1.30 | $0.68 | $1.08 | $1.90 | $2.74 | $3.76 | $4.96 | $1.67 | $0.67 | $-0.10 | $-0.37 | $-1.41 | $-4.07 | $-9.12 | $-2.49 | $-1.50 | $-1.08 |
| Avg Forecast | $1.21 | $1.21 | $1.11 | $1.11 | $0.90 | $0.85 | $0.75 | $0.78 | $0.76 | $0.74 | $0.78 | $0.58 | $0.67 | $0.88 | $0.73 | $1.24 | $1.81 | $2.48 | $3.03 | $1.97 | $1.10 | $0.66 | $0.01 | $-0.33 | $-0.58 | $-0.72 | $-1.68 | $-0.63 | $-0.17 | $0.37 |
| High Forecast | $1.29 | $1.28 | $1.18 | $1.17 | $0.96 | $0.90 | $0.79 | $1.05 | $1.06 | $0.79 | $0.78 | $0.58 | $0.93 | $1.27 | $0.77 | $1.32 | $1.88 | $2.48 | $3.03 | $1.97 | $1.10 | $0.66 | $0.01 | $-0.33 | $-0.58 | $-0.72 | $-1.68 | $-0.63 | $-0.17 | $0.37 |
| Low Forecast | $1.08 | $1.08 | $0.99 | $0.99 | $0.80 | $0.76 | $0.66 | $0.40 | $0.55 | $0.66 | $0.78 | $0.58 | $0.52 | $0.23 | $0.65 | $1.11 | $1.73 | $2.48 | $3.03 | $1.97 | $1.10 | $0.66 | $0.01 | $-0.33 | $-0.58 | $-0.72 | $-1.68 | $-0.63 | $-0.17 | $0.37 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.72% | 1.48% | 0.94% | 0.87% | 1.05% | 1.11% | 1.24% | 2.52% | 1.52% | 1.02% | -11.12% | 1.12% | 2.43% | 5.66% | 5.44% | 3.95% | 8.62% | -2.91% |
According to 4 Wall Street analysts, Occidental Petroleum's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.58 and a high estimate of $0.58. This represents a -50.28% decrease compared to OXY previous annual EPS of $1.16 (Dec 23).
Occidental Petroleum Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| APA | APA | $21.92 | $42.52 | 93.98% | Buy |
| DVN | Devon Energy | $37.91 | $58.88 | 55.32% | Buy |
| OXY | Occidental Petroleum | $50.50 | $60.85 | 20.50% | Buy |
| PR | Permian Resources | $15.13 | $17.92 | 18.44% | Buy |
| CTRA | Coterra Energy | $26.29 | $29.63 | 12.70% | Buy |
| COP | ConocoPhillips | $113.09 | $122.71 | 8.51% | Buy |
| FANG | Diamondback Energy | $180.12 | $191.60 | 6.37% | Buy |
| MRO | Marathon Oil | $28.75 | $29.00 | 0.87% | Buy |
| EOG | EOG Resources | $135.18 | $132.29 | -2.14% | Buy |