Occidental Petroleum Corporation’s Stock Price Drops to $60.92, Down by 2.43%

Occidental Petroleum Corporation (OXY)

60.92 USD -1.52 (-2.43%) Volume: 21.26M

Occidental Petroleum Corporation’s stock price stands at 60.92 USD, experiencing a decline of 2.43% this trading session with a trading volume of 21.26M. Despite the day’s downturn, OXY’s year-to-date performance still shows a positive trend with a 2.03% increase, reflecting its resilience in the energy market.

Latest developments on Occidental Petroleum Corporation

Occidental Petroleum stock price has been making headlines recently as Warren Buffett continues to buy shares of the company for 23 consecutive quarters. Despite Occidental’s flat performance in 2024, Buffett’s confidence in the stock seems unwavering. The market took a dip, causing Occidental Petroleum to rise, with key facts driving the movement. Analysts at Wells Fargo & Company have set a new price target of $69.00 for Occidental, indicating potential growth. Additionally, EP Wealth Advisors LLC and Cwm LLC have made moves to adjust their stock positions in Occidental Petroleum. With Q1 2026 EPS estimates for Occidental Petroleum on the rise, it seems that investors and billionaires alike are closely watching the company’s trajectory.

Occidental Petroleum Corporation on Smartkarma

Analyst coverage of Occidental Petroleum on Smartkarma by Baptista Research indicates a bullish sentiment towards the company. In their report titled “Occidental Petroleum Corporation: Battleground Plant Expansion & Other Major Drivers,” the analysts highlight the company’s strong start in 2024, overcoming challenges and exceeding production guidance. The revenue was driven by robust production results in their oil and gas business, showcasing operational execution and a diversified asset portfolio.

In another report by Baptista Research, titled “Occidental Petroleum Corporation: Enhanced Oil Recovery (EOR) and Growth Strategy In 2024! – Major Drivers,” the analysts commend Occidental Petroleum‘s robust performance in recent quarters. The company’s technical expertise, leading-edge technologies, and innovation have led to a strong free cash flow and strategic investments. This positive outlook is further supported by the company’s ability to pay dividends, repurchase shares, and reinvest in the business, reflecting operational strength and growth potential.

A look at Occidental Petroleum Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Occidental Petroleum Corporation, a company that explores for, develops, produces, and markets crude oil and natural gas, has received a mixed outlook based on the Smartkarma Smart Scores. While the company scores well in terms of momentum, indicating positive market trends, it falls short in areas such as dividend and resilience. With a balanced score in value and growth, Occidental Petroleum faces challenges in maintaining its dividend and demonstrating resilience in the market.

Despite facing some challenges, Occidental Petroleum Corporation remains positioned for potential growth and market momentum. The company’s diverse operations in crude oil, natural gas, and chemicals provide a strong foundation for future development. While improvements in areas such as dividend and resilience may be needed, Occidental Petroleum‘s overall outlook remains positive, with opportunities for growth and expansion in the long term.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.

💡 Before it’s here, it’s on Smartkarma