
Occidental Petroleum (OXY) Stock Forecast & Price Target
Occidental Petroleum (OXY) Analyst Ratings
Bulls say
Occidental Petroleum is a strong company with a diverse portfolio, a focus on reducing debt and improving cash flow through cost efficiencies. While OXY has potential risks and limited growth potential, the company has made advancements in CO2 technology for enhanced oil recovery and has recently increased dividends and announced plans for share repurchases. The current President of U.S. Onshore Resources and Carbon Management has a strong track record and incentives tied to shareholder interests, indicating a positive outlook for the company's future performance.
Bears say
Occidental Petroleum is a diversified large-cap E&P company with core positions in the Permian, Rockies, Gulf of America, and Middle East. Despite ranking second among operators in the Permian for well productivity and having a strong reserve base, recent updates on financial estimates, including lower CFPS and production forecasts, and potential risks in LNG and power demand, signal a negative outlook. Additionally, while the company has made progress in reducing costs and improving capital efficiency, little upside potential and relatively low valuation compared to peers suggest a hold rating.
This aggregate rating is based on analysts' research of Occidental Petroleum and is not a guaranteed prediction by Public.com or investment advice.
Occidental Petroleum (OXY) Analyst Forecast & Price Prediction
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