
Occidental Petroleum (OXY) Stock Forecast & Price Target
Occidental Petroleum (OXY) Analyst Ratings
Bulls say
Occidental Petroleum is expected to continue experiencing strong free cash flow and midstream operating income, as well as improve its cash flow through cost efficiencies and reduced capital spending. The company also has a strong position in the Permian Basin and is expanding its CO flooding projects, while also aiming to reduce debt and increase dividend payments and share repurchases. However, stock price growth may be limited as the company is currently trading in line with its peers.
Bears say
Occidental Petroleum is a company that has had a strong start under new CEO Richard Jackson, with impressive first-quarter results driven by Midstream & Marketing strength and cost reduction efforts. While the company has outlined a path towards significant sustainable cash flow improvements by 2029, it faces risks such as LNG/Power demand, capital allocation, and potential cash build through '29. Despite its strong position in the Permian basin and strategic midstream assets, limited near-term upside leaves the stock with a Hold rating.
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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