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Occidental Petroleum ( (OXY) ) has issued an announcement.
On October 1, 2025, Occidental Petroleum‘s subsidiaries, Occidental Chemical Holding, LLC and Environmental Resource Holdings, LLC, entered into an agreement to sell Occidental Chemical Corporation (OxyChem) to Berkshire Hathaway for $9.7 billion in an all-cash transaction. The deal, which includes customary adjustments and conditions, will see Berkshire Hathaway acquire all equity interests in OxyChem, with Occidental retaining certain environmental liabilities. The transaction is subject to regulatory approvals and other closing conditions, with a potential closing deadline of March 30, 2026, extendable by 90 days if necessary.
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 Petroleum is a multinational corporation primarily involved in the oil and gas industry. Its subsidiary, Occidental Chemical Corporation (OxyChem), is a global manufacturer of commodity chemicals used in various applications such as water treatment, pharmaceuticals, healthcare, and commercial and residential development.
Average Trading Volume: 10,434,640
Technical Sentiment Signal: Sell
Current Market Cap: $46.98B
See more insights into OXY stock on TipRanks’ Stock Analysis page.