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Occidental Petroleum ( (OXY) ) has shared an update.
On October 1, 2025, Occidental Petroleum promoted Richard A. Jackson to Chief Operating Officer, where he will oversee global oil and gas operations, low-carbon technologies, and other key functions. Jackson, who has been with Occidental since 2003, has a proven track record in leadership roles and is expected to enhance shareholder value through his focus on operational and technological advancements.
The most recent analyst rating on (OXY) stock is a Buy with a $55.00 price target. To see the full list of analyst forecasts on Occidental Petroleum stock, see the OXY Stock Forecast page.
Spark’s Take on OXY Stock
According to Spark, TipRanks’ AI Analyst, OXY is a Outperform.
Occidental Petroleum’s strong financial performance and positive earnings call sentiment are key strengths, supported by effective cost management and strategic initiatives in carbon capture. However, technical indicators suggest potential bearish momentum, and the high P/E ratio indicates possible overvaluation. The company’s focus on debt reduction and sustainability positions it well for future growth, despite current market challenges.
To see Spark’s full report on OXY stock, click here.
More about Occidental Petroleum
Occidental is an international energy company with a strong presence in the United States, the Middle East, and North Africa. It is one of the largest oil and gas producers in the U.S., particularly in the Permian and DJ basins, and offshore Gulf of America. The company also operates a midstream and marketing segment and Oxy Low Carbon Ventures, which focuses on reducing emissions through advanced technologies. Additionally, its chemical subsidiary, OxyChem, produces essential products for various industries.
Average Trading Volume: 10,434,640
Technical Sentiment Signal: Sell
Current Market Cap: $46.98B
Learn more about OXY stock on TipRanks’ Stock Analysis page.