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Occidental Petroleum (OXY)
NYSE:OXY
OXY Analyst Ratings
Hold
4 Buy
14 Hold
1 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
OXY Stock 12 Month Forecast
Average Price Target
$49.89
▲(18.36% Upside)
| Highest Price Target$64.00 | Average Price Target$49.89 | Lowest Price Target$38.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Detailed List of Analyst Forecasts
Roth MKM
$46
Hold
9.13%
Upside
Reiterated
10/10/25
Occidental Petroleum (OXY) Receives a Rating Update from a Top AnalystWe rate Occidental Petroleum (OXY) shares Neutral due to the company's more levered balancesheet vs. peers, its lower long-term production growth rate vs. peers, its spending on DACcarbon-capture projects, which likely lose money near-term, and its plan to sell around $5bn inassets, which is likely dilutive.
Scotiabank
$45→$47
Hold
11.51%
Upside
Reiterated
10/09/25
Evercore ISI
$40→$38
Sell
-9.85%
Downside
Reiterated
10/06/25
Analysts Have Conflicting Sentiments on These Energy Companies: Chord Energy (NASDAQ: CHRD), Occidental Petroleum (NYSE: OXY) and Ovintiv (NYSE: OVV)We have pondered for the past few quarters what ‘else’ OXY could do to accelerate de-leveraging. Midstream (WES stake) and OXYChem were two we speculated upon but both posed a number of challenges. Considering the BRK ownership and relationship it is perhaps unsurprising that it was the ultimate counterparty. OXY divested a recurring revenue business in the midst of a growth program (Battleground capex) where an improving environment was expected to drive ~$460 million of YoY FCF growth in 2026 (just under half the incremental highlighted by the company earlier). Declaring victory on the $15 billion debt target clearly came at a price as we view the acquisition multiple as dilutive and chemicals provided something of an integration ballast to the portfolio if often overlooked by shareholders.
Morgan Stanley
$52
Hold
23.37%
Upside
Reiterated
10/03/25
Occidental Petroleum's Strategic Sale of OxyChem: Balancing Debt Reduction with Free Cash Flow DilutionWe stay Equal-weight. OxyChem sale is dilutive to FCF/sh, but helps de-risk balance sheet. Earlier today, OXY announced a sale of following recent media reports indicating they were nearing a deal for around $10 B (see here). While the headline price is exactly in-line with our valuation for the business (MSe $9.7 B), net proceeds will be lower at ~$8 B after tax. Given the strong cash flow generation from OxyChem once the Battleground expansion starts up in 2026, we estimate the transaction is ~5-7% dilutive to FCF/share in 2026 (depending on buybacks) and closer to 10% in 2027 at $60 WTI. That said, this is balanced by the fact that the sale also accelerates OXY's deleveraging path, reducing net debt/ EBITDA by ~0.5x and opening the door for some opportunistic share buybacks in 2026. We remain Equal-weight.
UBS
$46→$45
Hold
6.76%
Upside
Reiterated
10/03/25
TR | OpenAI - 4o
$49
Buy
16.25%
Upside
Reiterated
10/03/25
AI Generated ArticleAI Generated Article
Mizuho Securities
$58→$60
Buy
42.35%
Upside
Upgraded
10/03/25
TD Cowen
$45
Hold
6.76%
Upside
Reiterated
10/03/25
Bank of America Securities
$44→$47
Hold
11.51%
Upside
Reiterated
10/03/25
HSBC
$55
Buy
30.49%
Upside
Upgraded
10/03/25
Occidental Petroleum's Strategic Moves: Enhancing Shareholder Value through Divestment and IntegrationWe believe Oxy could resume share repurchases in 2026, while remaining committed to a sustainable and growing dividend, and forecast the company to generate USD4.35bn of FCF (after dividends) in total over the next two years (2026-27e). At the current share price, Oxy could retire 99m shares or c10% of shares outstanding and still have plenty of runway to build cash ahead of plans to begin redeeming preferred equity in August 2029. Aligning O&G with Midstream. Oxy expects the OxyChem transaction to “catalyze returns from its significant oil and gas resource opportunity.” The company targets organic growth through 1) its existing assets and infrastructure, 2) improving cost efficiencies, and 3) advanced recovery and integrated technologies.
Jefferies
$44
Hold
4.39%
Upside
Reiterated
10/02/25
Occidental Petroleum: Hold Rating Amid Strategic Divestiture and Financial ChallengesWe expect the $9.75bn received for the asset is marginally below investor expectations, while OXY will receive $8bn of after-tax proceeds to be used for $6.5bn of debt retirement and $1.5bn of cash on the balance sheet. We view the sale as accretive to EV/EBITDAX, however, we find FCF yield (% of EV) unch in '27 following Battleground earnings growth. We also find the sale dilutive to per-share metrics as we expect OXY will repurchase 50% with post-dividend FCF.
Barclays
$48
Hold
13.88%
Upside
Reiterated
09/29/25
Raymond James
$50→$58
Buy
37.60%
Upside
Reiterated
09/03/25
Citi
$44→$49
Hold
16.25%
Upside
Reiterated
08/27/25
Piper Sandler
$50
Hold
18.62%
Upside
Reiterated
08/22/25
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Roth MKM
$46
Hold
9.13%
Upside
Reiterated
10/10/25
Occidental Petroleum (OXY) Receives a Rating Update from a Top AnalystWe rate Occidental Petroleum (OXY) shares Neutral due to the company's more levered balancesheet vs. peers, its lower long-term production growth rate vs. peers, its spending on DACcarbon-capture projects, which likely lose money near-term, and its plan to sell around $5bn inassets, which is likely dilutive.
Scotiabank
$45→$47
Hold
11.51%
Upside
Reiterated
10/09/25
Evercore ISI
$40→$38
Sell
-9.85%
Downside
Reiterated
10/06/25
Analysts Have Conflicting Sentiments on These Energy Companies: Chord Energy (NASDAQ: CHRD), Occidental Petroleum (NYSE: OXY) and Ovintiv (NYSE: OVV)We have pondered for the past few quarters what ‘else’ OXY could do to accelerate de-leveraging. Midstream (WES stake) and OXYChem were two we speculated upon but both posed a number of challenges. Considering the BRK ownership and relationship it is perhaps unsurprising that it was the ultimate counterparty. OXY divested a recurring revenue business in the midst of a growth program (Battleground capex) where an improving environment was expected to drive ~$460 million of YoY FCF growth in 2026 (just under half the incremental highlighted by the company earlier). Declaring victory on the $15 billion debt target clearly came at a price as we view the acquisition multiple as dilutive and chemicals provided something of an integration ballast to the portfolio if often overlooked by shareholders.
Morgan Stanley
$52
Hold
23.37%
Upside
Reiterated
10/03/25
Occidental Petroleum's Strategic Sale of OxyChem: Balancing Debt Reduction with Free Cash Flow DilutionWe stay Equal-weight. OxyChem sale is dilutive to FCF/sh, but helps de-risk balance sheet. Earlier today, OXY announced a sale of following recent media reports indicating they were nearing a deal for around $10 B (see here). While the headline price is exactly in-line with our valuation for the business (MSe $9.7 B), net proceeds will be lower at ~$8 B after tax. Given the strong cash flow generation from OxyChem once the Battleground expansion starts up in 2026, we estimate the transaction is ~5-7% dilutive to FCF/share in 2026 (depending on buybacks) and closer to 10% in 2027 at $60 WTI. That said, this is balanced by the fact that the sale also accelerates OXY's deleveraging path, reducing net debt/ EBITDA by ~0.5x and opening the door for some opportunistic share buybacks in 2026. We remain Equal-weight.
UBS
$46→$45
Hold
6.76%
Upside
Reiterated
10/03/25
TR | OpenAI - 4o
$49
Buy
16.25%
Upside
Reiterated
10/03/25
AI Generated ArticleAI Generated Article
Mizuho Securities
$58→$60
Buy
42.35%
Upside
Upgraded
10/03/25
TD Cowen
$45
Hold
6.76%
Upside
Reiterated
10/03/25
Bank of America Securities
$44→$47
Hold
11.51%
Upside
Reiterated
10/03/25
HSBC
$55
Buy
30.49%
Upside
Upgraded
10/03/25
Occidental Petroleum's Strategic Moves: Enhancing Shareholder Value through Divestment and IntegrationWe believe Oxy could resume share repurchases in 2026, while remaining committed to a sustainable and growing dividend, and forecast the company to generate USD4.35bn of FCF (after dividends) in total over the next two years (2026-27e). At the current share price, Oxy could retire 99m shares or c10% of shares outstanding and still have plenty of runway to build cash ahead of plans to begin redeeming preferred equity in August 2029. Aligning O&G with Midstream. Oxy expects the OxyChem transaction to “catalyze returns from its significant oil and gas resource opportunity.” The company targets organic growth through 1) its existing assets and infrastructure, 2) improving cost efficiencies, and 3) advanced recovery and integrated technologies.
Jefferies
$44
Hold
4.39%
Upside
Reiterated
10/02/25
Occidental Petroleum: Hold Rating Amid Strategic Divestiture and Financial ChallengesWe expect the $9.75bn received for the asset is marginally below investor expectations, while OXY will receive $8bn of after-tax proceeds to be used for $6.5bn of debt retirement and $1.5bn of cash on the balance sheet. We view the sale as accretive to EV/EBITDAX, however, we find FCF yield (% of EV) unch in '27 following Battleground earnings growth. We also find the sale dilutive to per-share metrics as we expect OXY will repurchase 50% with post-dividend FCF.
Barclays
$48
Hold
13.88%
Upside
Reiterated
09/29/25
Raymond James
$50→$58
Buy
37.60%
Upside
Reiterated
09/03/25
Citi
$44→$49
Hold
16.25%
Upside
Reiterated
08/27/25
Piper Sandler
$50
Hold
18.62%
Upside
Reiterated
08/22/25
Best Analysts Covering Occidental Petroleum
1 Month
xxx
Success Rate
14/23 ratings generated profit
Average Return
+1.09%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 60.87% of your transactions generating a profit, with an average return of +1.09% per trade.
3 Months
xxx
Success Rate
14/23 ratings generated profit
Average Return
+5.07%
reiterated a xxx
rating last month
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 60.87% of your transactions generating a profit, with an average return of +5.07% per trade.
1 Year
Success Rate
15/23 ratings generated profit
Average Return
+30.69%
reiterated a buy rating last month
Copying John Freeman's trades and holding each position for 1 Year would result in 65.22% of your transactions generating a profit, with an average return of +30.69% per trade.
2 Years
xxx
Success Rate
12/25 ratings generated profit
Average Return
+41.20%
reiterated a xxx
rating 3 months ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 48.00% of your transactions generating a profit, with an average return of +41.20% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
OXY Analyst Recommendation Trends
Rating
Jun 25
Jul 25
Aug 25
Sep 25
Oct 25
Strong Buy
2
0
0
0
0
Buy
12
15
15
14
9
Hold
33
30
31
32
29
Sell
2
2
3
2
2
Strong Sell
0
0
0
0
0
total
49
47
49
48
40
Each month's total comprises the sum of three months' worth of ratings.
OXY Financial Forecast
OXY Stock Forecast FAQ
What is OXY’s average 12-month price target, according to analysts?
Based on analyst ratings, Occidental Petroleum’s 12-month average price target is 49.89.
What is OXY’s upside potential, based on the analysts’ average price target?
Occidental Petroleum has 18.36% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is OXY a Buy, Sell or Hold?
Occidental Petroleum has a consensus rating of Hold which is based on 4 buy ratings, 14 hold ratings and 1 sell ratings.
What is Occidental Petroleum’s price target?
The average price target for Occidental Petroleum is 49.89. This is based on 19 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $64.00 ,the lowest forecast is $38.00. The average price target represents 18.36% Increase from the current price of $42.15.
The highest analyst price target is $64.00 ,the lowest forecast is $38.00. The average price target represents 18.36% Increase from the current price of $42.15.
What do analysts say about Occidental Petroleum?
Occidental Petroleum’s analyst rating consensus is a Hold. This is based on the ratings of 19 Wall Streets Analysts.
How can I buy shares of OXY?
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