Occidental Petroleum (OXY) Stock Forecast, Price Target & Predictions
OXY Stock Forecast
Occidental Petroleum stock forecast is as follows: an average price target of $62.35 (represents a 19.83% upside from OXY’s last price of $52.03) and a rating consensus of 'Buy', based on 20 wall street analysts offering a 1-year stock forecast.
OXY Price Target
OXY Analyst Ratings
Occidental Petroleum Price Target by Analyst
Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
---|---|---|---|---|---|---|
Aug 18, 2024 | Betty Jiang | Barclays | $67.00 | $57.61 | 16.30% | 28.77% |
Jul 22, 2024 | Mike Scialla | Stephens | $76.00 | $61.21 | 24.16% | 46.07% |
Jul 22, 2024 | Neal Dingmann | Truist Financial | $67.00 | $61.21 | 9.46% | 28.77% |
Jul 12, 2024 | Paul Cheng | Scotiabank | $80.00 | $61.48 | 30.12% | 53.76% |
May 16, 2024 | Neal Dingmann | Truist Financial | $69.00 | $63.38 | 8.87% | 32.62% |
Apr 11, 2024 | Nitin Kumar | Mizuho Securities | $70.00 | $68.94 | 1.54% | 34.54% |
Apr 11, 2024 | Paul Cheng | Scotiabank | $90.00 | $68.94 | 30.55% | 72.98% |
Apr 10, 2024 | Roger Read | Wells Fargo | $70.00 | $68.94 | 1.54% | 34.54% |
Apr 09, 2024 | - | Barclays | $73.00 | $68.55 | 6.49% | 40.30% |
Apr 08, 2024 | Samantha Hoh | HSBC | $65.00 | $69.25 | -6.14% | 24.93% |
Occidental Petroleum Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 1 | 4 | 12 |
Avg Price Target | $67.00 | $72.50 | $72.33 |
Last Closing Price | $52.03 | $52.03 | $52.03 |
Upside/Downside | 28.77% | 39.34% | 39.02% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 |
Apr 11, 2024 | Scotiabank | - | Outperform | Upgrade |
Apr 10, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
Apr 09, 2024 | Barclays | Overweight | Above Average | Initialise |
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 | $7.81B | $7.72B | $7.61B | $7.62B | $7.80B | $7.79B | $7.59B | $7.53B | $7.54B | $7.44B | $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 | $8.20B | $8.12B | $8.00B | $8.01B | $8.20B | $8.19B | $7.97B | $7.92B | $7.92B | $7.60B | $7.08B | $6.91B | $7.35B | $7.46B | $7.28B | $7.84B | $8.97B | $9.73B | $10.10B | $8.05B | $7.44B | $6.67B | $6.07B | $4.95B | $4.47B | $4.36B | $4.01B | $5.34B | $6.47B | $5.82B |
Low Forecast | $7.05B | $6.98B | $6.88B | $6.88B | $7.05B | $7.04B | $6.85B | $6.80B | $6.81B | $7.26B | $6.09B | $5.94B | $6.66B | $5.88B | $6.25B | $6.74B | $7.71B | $8.36B | $9.13B | $7.27B | $6.72B | $6.03B | $5.48B | $4.47B | $4.04B | $3.94B | $3.62B | $4.83B | $5.85B | $5.27B |
# Analysts | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 6 | 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 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 | 4 | 3 | 6 | 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 | $3.89B | $3.85B | $3.79B | $3.79B | $3.89B | $3.88B | $3.78B | $3.75B | $3.75B | $3.70B | $3.36B | $3.27B | $3.45B | $3.52B | $3.45B | $3.71B | $4.25B | $3.00B | $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 | $4.08B | $4.04B | $3.98B | $3.99B | $4.08B | $4.08B | $3.97B | $3.94B | $3.94B | $3.78B | $3.53B | $3.44B | $3.66B | $3.71B | $3.62B | $3.90B | $4.46B | $3.60B | $5.03B | $4.01B | $3.70B | $2.84B | $3.02B | $2.46B | $2.22B | $2.17B | $1.99B | $703.35M | $3.22B | $2.90B |
Low Forecast | $3.51B | $3.47B | $3.42B | $3.43B | $3.51B | $3.50B | $3.41B | $3.39B | $3.39B | $3.62B | $3.03B | $2.96B | $3.31B | $2.93B | $3.11B | $3.35B | $3.84B | $2.40B | $4.55B | $3.62B | $3.35B | $1.89B | $2.73B | $2.23B | $2.01B | $1.96B | $1.80B | $468.90M | $2.91B | $2.62B |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 0.76% | 0.95% | 0.99% | 1.04% | 1.78% | 1.33% | 1.21% | 1.26% | 1.54% | 1.03% | 1.03% | 0.72% | 0.81% | 0.51% | 5.17% | 0.86% | 0.93% |
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 | 4 | 3 | 6 | 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 | $1.31B | $1.28B | $1.22B | $1.25B | $1.11B | $1.10B | $1.01B | $1.04B | $1.01B | $988.32M | $745.46M | $5.41B | $645.70M | $844.64M | $696.25M | $4.92B | $1.73B | $692.91M | $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 | $1.40B | $1.37B | $1.30B | $1.34B | $1.18B | $1.17B | $1.08B | $1.11B | $1.08B | $1.20B | $794.79M | $6.49B | $890.02M | $1.22B | $742.32M | $5.90B | $1.85B | $831.49M | $3.03B | $5.36B | $1.10B | $657.30M | $9.00M | $-289.86M | $-510.13M | $-630.77M | $-1.47B | $-1.89B | $-152.77M | $371.47M |
Low Forecast | $1.15B | $1.12B | $1.07B | $1.10B | $969.88M | $960.08M | $884.30M | $909.54M | $883.71M | $848.56M | $651.66M | $4.33B | $497.36M | $216.07M | $608.64M | $3.93B | $1.51B | $554.33M | $2.66B | $3.57B | $963.55M | $438.20M | $7.89M | $-330.70M | $-582.00M | $-719.66M | $-1.68B | $-2.84B | $-174.30M | $325.58M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.58% | 1.63% | 1.24% | 0.26% | 1.00% | 3.96% | 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 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 | 4 | 3 | 6 | 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 | $295.27M | $292.19M | $288.02M | $288.17M | $295.21M | $294.66M | $286.99M | $284.99M | $285.14M | $281.49M | $254.96M | $226.65M | $262.07M | $267.64M | $261.95M | $206.04M | $322.76M | $200.84M | $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 | $310.31M | $307.06M | $302.68M | $302.84M | $310.24M | $309.66M | $301.60M | $299.50M | $299.66M | $287.54M | $267.94M | $271.97M | $277.85M | $282.14M | $275.29M | $247.25M | $339.19M | $241.01M | $381.99M | $224.77M | $281.36M | $190.52M | $229.45M | $187.19M | $168.92M | $164.98M | $151.54M | $366.48M | $244.86M | $220.32M |
Low Forecast | $266.69M | $263.91M | $260.14M | $260.28M | $266.63M | $266.14M | $259.22M | $257.41M | $257.54M | $274.74M | $230.29M | $181.32M | $251.79M | $222.55M | $236.60M | $164.83M | $291.52M | $160.67M | $345.34M | $149.85M | $254.37M | $127.02M | $207.43M | $169.23M | $152.72M | $149.15M | $137.00M | $244.32M | $221.37M | $199.18M |
Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.17% | 0.96% | 1.06% | 1.17% | 0.80% | 1.23% | 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 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 | 4 | 3 | 6 | 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 | $1.37 | $1.34 | $1.28 | $1.31 | $1.16 | $1.15 | $1.05 | $1.09 | $1.05 | $1.03 | $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 | $1.46 | $1.43 | $1.36 | $1.39 | $1.23 | $1.22 | $1.12 | $1.16 | $1.12 | $1.25 | $0.83 | $0.61 | $0.93 | $1.27 | $0.77 | $1.33 | $1.93 | $2.64 | $3.16 | $2.06 | $1.15 | $0.68 | $0.01 | $-0.30 | $-0.53 | $-0.66 | $-1.53 | $-0.58 | $-0.16 | $0.39 |
Low Forecast | $1.20 | $1.17 | $1.12 | $1.14 | $1.01 | $1.00 | $0.92 | $0.95 | $0.92 | $0.88 | $0.68 | $0.50 | $0.52 | $0.23 | $0.63 | $1.09 | $1.58 | $2.16 | $2.77 | $1.80 | $1.00 | $0.60 | $0.01 | $-0.34 | $-0.61 | $-0.75 | $-1.75 | $-0.66 | $-0.18 | $0.34 |
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% |
Occidental Petroleum Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
APA | APA | $25.24 | $45.29 | 79.44% | Buy |
DVN | Devon Energy | $41.34 | $64.04 | 54.91% | Buy |
PR | Permian Resources | $13.25 | $18.25 | 37.74% | Buy |
CTRA | Coterra Energy | $22.92 | $29.53 | 28.84% | Buy |
OXY | Occidental Petroleum | $52.03 | $62.35 | 19.83% | Buy |
COP | ConocoPhillips | $106.02 | $123.86 | 16.83% | Buy |
MRO | Marathon Oil | $26.72 | $29.32 | 9.73% | Buy |
EOG | EOG Resources | $120.35 | $131.79 | 9.51% | Buy |
FANG | Diamondback Energy | $179.73 | $181.75 | 1.12% | Buy |
OXY Forecast FAQ
Is Occidental Petroleum a good buy?
Yes, according to 20 Wall Street analysts, Occidental Petroleum (OXY) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 60.00% of OXY's total ratings.
What is OXY's price target?
Occidental Petroleum (OXY) average price target is $62.35 with a range of $24 to $90, implying a 19.83% from its last price of $52.03. The data is based on 20 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Occidental Petroleum stock go up soon?
According to Wall Street analysts' prediction for OXY stock, the company can go up by 19.83% (from the last price of $52.03 to the average price target of $62.35), up by 72.98% based on the highest stock price target, and down by -53.87% based on the lowest stock price target.
Can Occidental Petroleum stock reach $80?
OXY's highest twelve months analyst stock price target of $90 supports the claim that Occidental Petroleum can reach $80 in the near future.
What is Occidental Petroleum's current price target trend?
1 Wall Street analyst forecast a $67 price target for Occidental Petroleum (OXY) this month, up 28.77% from its last price of $52.03. Compared to the last 3 and 12 months, the average price target increased by 39.34% and increased by 39.02%, respectively.
What are Occidental Petroleum's analysts' financial forecasts?
Occidental Petroleum's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $30.71B (high $32.28B, low $27.74B), average EBITDA is $15.29B (high $16.07B, low $13.81B), average net income is $4.26B (high $4.54B, low $3.72B), average SG&A $1.16B (high $1.22B, low $1.05B), and average EPS is $4.44 (high $4.74, low $3.88). OXY's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $30.76B (high $32.33B, low $27.78B), average EBITDA is $15.31B (high $16.09B, low $13.83B), average net income is $5.08B (high $5.41B, low $4.44B), average SG&A $1.16B (high $1.22B, low $1.05B), and average EPS is $5.3 (high $5.65, low $4.63).
Did the OXY's actual financial results beat the analysts' financial forecasts?
Based on Occidental Petroleum's last annual report (Dec 2023), the company's revenue was $28.26B, which missed the average analysts forecast of $28.39B by -0.46%. Apple's EBITDA was $13.95B, missing the average prediction of $14.13B by -1.28%. The company's net income was $3.75B, missing the average estimation of $7.1B by -47.20%. Apple's SG&A was $1.08B, beating the average forecast of $997.7M by 8.55%. Lastly, the company's EPS was $4.22, beating the average prediction of $3.52 by 19.78%. In terms of the last quarterly report (Dec 2023), Occidental Petroleum's revenue was $7.17B, beating the average analysts' forecast of $6.93B by 3.52%. The company's EBITDA was $3.23B, missing the average prediction of $3.45B by -6.35%. Occidental Petroleum's net income was $1.02B, beating the average estimation of $645.7M by 58.43%. The company's SG&A was $307M, beating the average forecast of $262.07M by 17.15%. Lastly, the company's EPS was $1.16, beating the average prediction of $0.673 by 72.27%