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NYSE: OXY
Occidental Petroleum Corp Stock Forecast, Predictions & Price Target

Analyst price target for OXY

Based on 11 analysts offering 12 month price targets for Occidental Petroleum Corp.
Min Forecast
$60.00-2.22%
Avg Forecast
$70.46+14.82%
Max Forecast
$78.00+27.12%

Should I buy or sell OXY stock?

Based on 11 analysts offering ratings for Occidental Petroleum Corp.
Buy
Strong Buy
5 analysts 45.45%
Buy
0 analysts 0%
Hold
6 analysts 54.55%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

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OXY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-16
lockedlocked$00.00+00.00%2024-02-16
lockedlocked$00.00+00.00%2024-01-24
lockedlocked$00.00+00.00%2024-01-03
lockedlocked$00.00+00.00%2023-12-11
JP Morgan
Top 22%
79
HoldMaintains$73.00+18.97%2023-12-08
JP Morgan
Top 24%
77
HoldMaintains$78.00+27.12%2023-11-13
Susquehanna
Bottom 3%
3
Strong BuyMaintains$78.00+27.12%2023-10-18
Stephens & Co.
Top 25%
76
Strong BuyReiterates$74.00+20.60%2023-10-12
UBS
Top 27%
74
HoldMaintains$74.00+20.60%2023-10-04

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Forecast return on equity

Is OXY forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
19.97%

Forecast return on assets

Is OXY forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

OXY revenue forecast

What is OXY's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$29.9B+3.28%
Avg 2 year Forecast
$32.5B+12.31%
Avg 3 year Forecast
$34.6B+19.79%
OXY's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

OXY earnings growth forecast

How is OXY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
23.92%
Industry
30.86%
Market
30.41%
OXY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
OXY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
OXY's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

OXY revenue growth forecast

How is OXY forecast to perform vs Oil & Gas E&P companies and vs the US market?
Company
5.77%
Industry
5.8%
Market
10.46%
OXY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
OXY's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

OXY vs Oil and Gas Stocks

TickerPricePrice TargetUp/downsideConsensus
OXY$61.36$70.46+14.82%Buy
PXD$237.27$246.00+3.68%Hold
HES$148.19$174.50+17.75%Buy
EOG$116.10$147.20+26.79%Strong Buy
WDS$20.17N/AN/A

Occidental Petroleum Stock Forecast FAQ

Is Occidental Petroleum Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NYSE: OXY) stock is to Buy OXY stock.

Out of 11 analysts, 5 (45.45%) are recommending OXY as a Strong Buy, 0 (0%) are recommending OXY as a Buy, 6 (54.55%) are recommending OXY as a Hold, 0 (0%) are recommending OXY as a Sell, and 0 (0%) are recommending OXY as a Strong Sell.

If you're new to stock investing, here's how to buy Occidental Petroleum stock.

What is OXY's revenue growth forecast for 2024-2026?

(NYSE: OXY) Occidental Petroleum's forecast annual revenue growth rate of 5.77% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 5.8%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 10.46%.

Occidental Petroleum's revenue in 2024 is $28,918,000,000.On average, 7 Wall Street analysts forecast OXY's revenue for 2024 to be $26,267,985,118,629, with the lowest OXY revenue forecast at $25,205,574,422,301, and the highest OXY revenue forecast at $27,568,381,327,154. On average, 5 Wall Street analysts forecast OXY's revenue for 2025 to be $28,565,097,812,886, with the lowest OXY revenue forecast at $26,600,082,347,796, and the highest OXY revenue forecast at $30,045,459,835,118.

In 2026, OXY is forecast to generate $30,467,694,323,290 in revenue, with the lowest revenue forecast at $29,809,903,500,371 and the highest revenue forecast at $31,125,485,146,210.

What is OXY's forecast return on assets (ROA) for 2024-2026?

(NYSE: OXY) forecast ROA is N/A, which is lower than the forecast US Oil & Gas E&P industry average of N/A.

What is OXY's Price Target?

According to 11 Wall Street analysts that have issued a 1 year OXY price target, the average OXY price target is $70.46, with the highest OXY stock price forecast at $78.00 and the lowest OXY stock price forecast at $60.00.

On average, Wall Street analysts predict that Occidental Petroleum's share price could reach $70.46 by Feb 16, 2025. The average Occidental Petroleum stock price prediction forecasts a potential upside of 14.82% from the current OXY share price of $61.36.

What is OXY's forecast return on equity (ROE) for 2024-2026?

(NYSE: OXY) forecast ROE is N/A, which is considered weak.
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