Occidental Petroleum Corporation (OXY) Stock Price & Analysis
Occidental Petroleum Corporation (OXY) closed at USD 62.5 on Thursday, October 22, 2026, down 0.32% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 62.7; the Oct 22, 2026 session ranged USD 61.28–63.56 on volume of 8,091,559 shares. Market capitalization is $62.48B, with a 52-week range of USD 38.8–67.45 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:49 UTC.
Also available as compact Markdown for AI agents: nexqual.com/OXY.md
Key facts (OXY)
- Last four reported quarters (through Jun 30, 2026): revenue $22.0B, net income $7.31B (33.2% margin), free cash flow $4.79B (SEC filings).
- Valuation: P/E 8.5x (avg 15.0x at the last 3 fiscal year-ends), net debt $9.39B.
- 4 of 80 tracked superinvestors hold OXY (13F, Q2 2026): 0 new, 0 added, 1 reduced, 3 unchanged.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $250K; 0 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 2.48 on a 1–5 scale) (27 analysts), mean target USD 70.54 (range 60–82).
- Total return with dividends: 1Y +48.7% vs S&P 500 +14.9%; 5Y +98.0% vs S&P 500 +80.3%.
- Next earnings: 2026-11-09, EPS estimate USD 1.47, revenue estimate $6.85B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (OXY)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $26.0B | $36.6B | $23.2B | $22.7B | $21.6B | $22.0B |
| Gross profit | $23.2B | $33.4B | $20.1B | $19.6B | — | — |
| Net income | $2.32B | $13.3B | $4.70B | $3.08B | $2.37B | $7.31B |
| EPS (diluted) | $1.58 | $12.40 | $3.90 | $2.44 | $1.61 | — |
| Free cash flow | $7.56B | $12.3B | $6.61B | $5.18B | $4.11B | $4.79B |
| Gross margin | 89.3% | 91.1% | 86.6% | 86.3% | — | — |
| Net margin | 8.9% | 36.3% | 20.2% | 13.6% | 11.0% | 33.2% |
| Revenue growth | +45.8% | +41.1% | -36.6% | -2.2% | -4.9% | — |
| Cash + short-term investments | $2.76B | $984M | $1.43B | $2.13B | $1.97B | — |
| Total debt | $29.6B | $19.7B | $19.0B | $25.3B | $21.4B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (OXY)
P/E 8.5x · P/S 2.8x · EV/Sales 3.3x · P/FCF 13.0x · P/B 1.5x · FCF yield 7.67% · Earnings yield 11.70% · Buyback yield (TTM) 0.19% · Net debt $9.39B · EV $71.9B
P/E at fiscal year-ends: Dec 2025 17.4x, Dec 2024 15.5x, Dec 2023 12.2x.
Superinvestors (SEC 13F-HR, Q2 2026) (OXY)
4 of 80 tracked investors hold OXY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Francis Chou | Chou Associates | 7.02% | $15.2M | Unchanged |
| Warren Buffett | Berkshire Hathaway | 4.30% | $12.9B | Unchanged |
| Duan Yongping | H&H International Investment | 2.61% | $498M | Unchanged |
| Dodge & Cox Funds | Dodge & Cox | 1.85% | $3.53B | Reduced -1.8% |
Insider purchases (SEC Form 4, open-market, last ~7 months) (OXY)
1 purchase, $250K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-06-23 | Jackson Richard A. | President and CEO | 4,770 | $250K | 52.38 | Too little history (no open-market trades in 2023–2025) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (OXY)
Consensus Buy (mean 2.48 on a 1–5 scale), 27 analysts; mean target USD 70.54 (low 60, high 82).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-20 | Susquehanna | Target raised | Positive | $70 → $77 |
| 2026-10-19 | Stephens & Co. | Target raised | Overweight | $78 → $80 |
| 2026-10-15 | Morgan Stanley | Target raised | Equal-Weight | $69 → $71 |
| 2026-10-15 | Truist Securities | Target raised | Hold | $63 → $64 |
| 2026-10-14 | UBS | Target raised | Neutral | $67 → $73 |
| 2026-10-01 | Goldman Sachs | Upgrade | Neutral → Buy | $63 → $69 |
| 2026-09-14 | UBS | Target raised | Neutral | $59 → $67 |
| 2026-09-14 | Wells Fargo | Target raised | Overweight | $79 → $82 |
| 2026-09-11 | Evercore ISI Group | Target raised | Outperform | $65 → $70 |
| 2026-09-03 | Seaport Global | Initiated | Buy | $73 |
| 2026-08-17 | Barclays | Target lowered | Overweight | $75 → $71 |
| 2026-08-11 | Susquehanna | Target raised | Positive | $67 → $70 |
Total return (dividends reinvested) (OXY)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +48.7% | +98.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +48.9% | +14.6% |
| Volatility (annualized) | 34.8% | 37.9% |
| Max drawdown | -27.3% (Mar 2026→Jul 2026) | -47.5% (Nov 2022→Apr 2025) |
OXY revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil and gas | $6.78B | 96.1% | +35.3% |
| Midstream and marketing | $419.0M | 5.9% | +42.0% |
| Total revenue | $7.05B | 100% | — |
OXY revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Oil Reserves | $6.29B | 89.2% | +51.7% |
| Natural Gas Liquids Reserves | $681.0M | 9.7% | +25.4% |
| Total revenue | $7.05B | 100% | — |
OXY revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| United States | $5.89B | 83.5% | +37.6% |
| International | $1.31B | 18.6% | +27.6% |
| Total revenue | $7.05B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
OXY company outlook (results filed Oct 13, 2026)
- “Factors impacting third quarter 2026 results include: Total company production for the third quarter of 2026 is within Occidental's guidance range and includes the temporary Gulf of America downtime described below. • In September, Occidental temporarily curtailed production at certain Gulf of America facilities due to a third-party gas pipeline constraint and maintenance activities.”
Quoted word-for-word from the SEC 8-K results press release.
OXY analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.47 | $1.24 | +17.9% | $6.85B | 22 |
| Next quarter (ends Dec 2026) | $1.96 | $1.17 | +66.8% | $7.56B | 22 |
| Current fiscal year (ends Dec 2026) | $6.93 | $5.49 | +26.2% | $27.86B | 24 |
| Next fiscal year (ends Dec 2027) | $5.01 | $3.96 | +26.6% | $26.14B | 25 |
OXY options: expected move
Options price a move of about ±7.4% (±$4.63) by Nov 13, 2026, which includes earnings on Nov 9, 2026; the earnings reaction alone is priced at about ±3.0%. Over the last 8 reports the stock moved ±4% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 35.9% | ±4.3% |
| Nov 6, 2026 | 14 | 35.1% | ±5.7% |
| Nov 13, 2026 | 21 | 37.5% | ±7.4% |
| Nov 20, 2026 | 28 | 37.3% | ±8.4% |
| Nov 27, 2026 | 35 | 36.1% | ±9.0% |
| Dec 4, 2026 | 42 | 34.5% | ±9.5% |
| Dec 18, 2026 | 56 | 34.0% | ±10.7% |
| Jan 15, 2027 | 84 | 32.4% | ±12.4% |
30-day implied volatility 37.1% vs 33.2% realized over the last 30 trading days. Put/call ratio (volume) 0.62. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:49 UTC)
| Price | USD 62.5 |
|---|---|
| Change | ▼ 0.32% (down) |
| Previous Close | USD 62.7 |
| Open | USD 63.4 |
| Day Range | USD 61.28 – 63.56 |
| 52-Week Range | USD 38.8 – 67.45 |
| Volume | 8,091,559 shares |
| Market Cap | $62.48B |
| Exchange | NYQ |
Technical Analysis (OXY)
Nexqual's technical model rates OXY "BUY" based on 5 bullish and 1 bearish signals across 127 daily candles, as of October 23, 2026 at 09:49 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 61.1 (neutral) |
| vs SMA50 | Above (USD 59.69) |
| MACD | 1.11 (positive) |
Analyst Ratings (OXY)
Wall Street analysts rate OXY "Buy" based on 27 analysts, with a mean price target of USD 70.54 (range USD 60–82), per Nexqual as of October 23, 2026 at 09:49 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 27 |
| Mean Target | USD 70.54 |
| High Target | USD 82 |
| Low Target | USD 60 |
| Buy / Hold / Sell | 12 / 15 / 0 |
Earnings (OXY)
| Next Earnings Date | 2026-11-09 |
|---|---|
| EPS Estimate | USD 1.47 |
| Revenue Estimate | $6.85B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 2.4 vs est 1.86 ▲ beat |
| 2026-03-31 | USD 1.06 vs est 0.59 ▲ beat |
| 2025-12-31 | USD 0.31 vs est 0.17 ▲ beat |
| 2025-09-30 | USD 0.64 vs est 0.52 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financials & Fundamentals (OXY)
| Total Revenue | $23.93B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +53.40% |
| Gross Margin | +73.32% |
| Operating Margin | +45.44% |
| Profit Margin | +30.32% |
| ROE | +10.63% |
| Debt / Equity | 0.35 |
| Current Ratio | 1.41 |
| Total Cash | $4.15B |
| Total Debt | $14.63B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $4.79B (21.8% of revenue) |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Financial Health Score (OXY)
Nexqual rates Occidental Petroleum Corporation's overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:49 UTC.
| Growth | Critical — Revenue -18% YoY (annual), sharp decline |
|---|---|
| Profitability | Strong — Gross margin 73%, operating 45% (last 12 months) |
| Balance Sheet | Solid — $4.15B cash and investments vs $13.5B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $4.79B (last 4 quarters to Jun 2026, SEC), 22% margin |
| Efficiency | Mixed — ROE 11%, ROA 4.7% |
Ownership (OXY)
| Insider Ownership | +26.81% |
|---|---|
| Institutional Ownership | +58.17% |
| Shares Outstanding | 999.64M |
| Float | 995.65M |
| Short % of Float | +3.04% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Leadership (OXY)
Occidental Petroleum Corporation is led by Richard A. Jackson, CEO, President & Director, per Nexqual as of October 23, 2026 at 09:49 UTC.
| CEO, President & Director | Richard A. Jackson |
|---|---|
| Senior VP & CFO | Sunil Mathew |
| Senior VP and President of International Oil & Gas Operations | Kenneth Dillon |
| Vice President of Investor Relations | Babatunde Cole |
| Senior Vice President & General Counsel | Brad D. Pollack |
Major Backers & Investors (OXY)
Notable institutional backers of Occidental Petroleum Corporation include Berkshire Hathaway, Dodge & Cox Inc., SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF, according to Nexqual as of October 23, 2026 at 09:49 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Berkshire Hathaway | 26.5% |
| Dodge & Cox Inc. | 7.28% |
| SELECT SECTOR SPDR TRUST-State Street Energy Select Sector SPDR ETF | 1.52% |
| Invesco | 1.27% |
| Morgan Stanley | 1.22% |
| AQR Capital Management, LLC | 1.15% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 8.76% |
| BlackRock | 5.59% |
| State Street | 4.62% |
| Geode Capital | 1.99% |
Source: Nexqual, October 23, 2026 at 09:49 UTC.
Legal & Regulatory Risks from Occidental Petroleum Corporation's Latest 10-K (filed 2026-02-18)
- Government actions, regulatory changes and political, economic and social instability may adversely affect the Company's operations and results of operations.
- The Company's domestic and international operations are subject to extensive laws and regulations and may be adversely affected by the actions and decisions of many federal, state, local and international governments, political interests and advocacy groups.
- The Company may be adversely affected by claims, litigation, government investigations and other proceedings.
Source: SEC EDGAR 10-K, Item 1A, official filing.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| FANG | Diamondback Energy, Inc. | USD 197.14 | ▼ 1.89% |
| DVN | Devon Energy Corporation | USD 49.18 | ▼ 1.38% |
| EOG | EOG Resources, Inc. | USD 157.96 | ▲ 0.05% |
| CNQ | Canadian Natural Resources Limi | USD 53.92 | ▼ 0.59% |
| EQT | EQT Corporation | USD 54.67 | ▲ 1.11% |
| TPL | Texas Pacific Land Corporation | USD 333.67 | ▼ 3.09% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:49 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt