
Occidental Petroleum (OXY) Stock Forecast & Price Target
Occidental Petroleum (OXY) Analyst Ratings
Bulls say
Occidental Petroleum is a strong company with diversified operations in the United States, Latin America, and the Middle East. It reported net proved reserves of 4.6 billion barrels of oil equivalent and average daily production of 1.4 million barrels of oil equivalent in 2025. The company has a clear plan to improve sustainable cash flow by $4 billion by 2030 through cost reductions, capital efficiency gains, and debt paydown. With strong financials and a focus on shareholder value, Occidental Petroleum has the potential for future growth and is a sound investment choice.
Bears say
Occidental Petroleum is facing major risks in achieving its target price for multiple reasons, such as potential declines in oil and gas prices, increases in oilfield service costs, and potential regulatory issues with CO2 sequestration that could delay cash flows from the company's emerging CCUS business. In addition, a tight labor market and supply chain issues could also hinder the company's progress, potentially impacting productivity and raising concerns about the quality of its drilling inventory. This, combined with the volatile nature of the oil and gas industry, contributes to a negative outlook on Occidental Petroleum's stock.
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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