Occidental Petroleum (OXY) Stock Forecast, Price Target & Predictions


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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


The average price target for Occidental Petroleum (OXY) is $62.35 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 19.83% upside from OXY's last price of $52.03.

OXY Analyst Ratings


Buy

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%), 11 'Buy' (55.00%), 7 'Hold' (35.00%), 1 'Sell' (5.00%), and 0 'Strong Sell' (0.00%).

Occidental Petroleum Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 18, 2024Betty JiangBarclays$67.00$57.6116.30%28.77%
Jul 22, 2024Mike SciallaStephens$76.00$61.2124.16%46.07%
Jul 22, 2024Neal DingmannTruist Financial$67.00$61.219.46%28.77%
Jul 12, 2024Paul ChengScotiabank$80.00$61.4830.12%53.76%
May 16, 2024Neal DingmannTruist Financial$69.00$63.388.87%32.62%
Apr 11, 2024Nitin KumarMizuho Securities$70.00$68.941.54%34.54%
Apr 11, 2024Paul ChengScotiabank$90.00$68.9430.55%72.98%
Apr 10, 2024Roger ReadWells Fargo$70.00$68.941.54%34.54%
Apr 09, 2024-Barclays$73.00$68.556.49%40.30%
Apr 08, 2024Samantha HohHSBC$65.00$69.25-6.14%24.93%
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The latest Occidental Petroleum stock forecast, released on Aug 18, 2024 by Betty Jiang from Barclays, set a price target of $67.00, which represents a 16.30% increase from the stock price at the time of the forecast ($57.61), and a 28.77% increase from OXY last price ($52.03).

Occidental Petroleum Price Target by Period


1M3M12M
# Anlaysts1412
Avg Price Target$67.00$72.50$72.33
Last Closing Price$52.03$52.03$52.03
Upside/Downside28.77%39.34%39.02%

In the current month, the average price target of Occidental Petroleum stock is $67.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 28.77% increase as opposed to Occidental Petroleum's last price of $52.03. This month's average price target is down -7.59% compared to last quarter, and down -7.37% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Aug 18, 2024BarclaysEqual-WeightEqual-WeightHold
Jul 22, 2024StephensOverweightOverweightHold
Jul 17, 2024Wolfe Research-OutperformInitialise
Jul 12, 2024ScotiabankSector PerformSector PerformHold
Jun 21, 2024Wells FargoEqual-WeightEqual-WeightHold
May 24, 2024Morgan StanleyOverweightOverweightHold
Apr 11, 2024CitigroupNeutralNeutralHold
Apr 11, 2024Scotiabank-OutperformUpgrade
Apr 10, 2024Wells FargoEqual-WeightEqual-WeightHold
Apr 09, 2024BarclaysOverweightAbove AverageInitialise
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Occidental Petroleum's last stock rating was published by Barclays on Aug 18, 2024. The company gave OXY a "Equal-Weight" rating, the same as its previous rate.

Occidental Petroleum Financial Forecast


Occidental Petroleum Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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
# Analysts333344443634710998888999999991313
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 $5.94B, and a high forecast of $6.91B. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443634710998888999999991313
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%

4 analysts predict OXY's average Quarter EBITDA for Mar 24 to be $3.27B, with a high of $3.44B and a low of $2.96B. This is 1.39% upper than Occidental Petroleum's previous annual EBITDA (Dec 23) of $3.23B.

Occidental Petroleum Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443634710998888999999991313
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'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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443634710998888999999991313
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'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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts333344443634710998888999999991313
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%

According to 4 Wall Street analysts, Occidental Petroleum's projected average Quarter EPS for Mar 24 is $0.58, with a low estimate of $0.50 and a high estimate of $0.61. This represents a -50.28% decrease compared to OXY previous annual EPS of $1.16 (Dec 23).

Occidental Petroleum Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
APAAPA$25.24$45.2979.44%Buy
DVNDevon Energy$41.34$64.0454.91%Buy
PRPermian Resources$13.25$18.2537.74%Buy
CTRACoterra Energy$22.92$29.5328.84%Buy
OXYOccidental Petroleum$52.03$62.3519.83%Buy
COPConocoPhillips$106.02$123.8616.83%Buy
MROMarathon Oil$26.72$29.329.73%Buy
EOGEOG Resources$120.35$131.799.51%Buy
FANGDiamondback Energy$179.73$181.751.12%Buy

OXY Forecast FAQ


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.

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.

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.

OXY's highest twelve months analyst stock price target of $90 supports the claim that Occidental Petroleum can reach $80 in the near future.

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.

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).

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%