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

Buy OXY

Analyst price target for OXY

Based on 18 analysts offering 12 month price targets for Occidental Petroleum Corp.
Min Forecast
$28.00-55.91%
Avg Forecast
$67.72+6.63%
Max Forecast
$105.00+65.33%

Should I buy or sell OXY stock?

Based on 18 analysts offering ratings for Occidental Petroleum Corp.
Buy
Strong Buy
10 analysts 55.56%
Buy
0 analysts 0%
Hold
6 analysts 33.33%
Sell
1 analysts 5.56%
Strong Sell
1 analysts 5.56%

OXY stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Wells Fargo
Top 4%
97
Strong SellMaintains$59.00-7.10%2022-08-04
Barclays
Bottom 13%
13
Strong BuyMaintains$79.00+24.39%2022-07-26
MKM Partners
Top 1%
100
HoldAssumes$65.00+2.35%2022-07-20Find out why
Morgan Stanley
Top 1%
100
HoldMaintains$71.00+11.79%2022-07-19
Truist Securities
Top 1%
100
Strong BuyMaintains$105.00+65.33%2022-07-19Find out why
Bank of America
Top 9%
92
HoldMaintains$77.00+21.24%2022-07-19Find out why
Mizuho
Top 3%
98
Strong BuyMaintains$84.00+32.26%2022-07-19Find out why
Piper Sandler
Top 10%
91
Strong BuyMaintains$93.00+46.43%2022-07-19Find out why
Goldman Sachs
Top 8%
93
HoldDowngrades$70.00+10.22%2022-07-11Find out why
Anonymous
Morgan Stanley
HoldMaintains$74.00+16.52%2022-06-21

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Forecast return on equity

Is OXY forecast to generate an efficient return?
Company
18.21%
Industry
328.12%
Market
55.26%
OXY's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is OXY forecast to generate an efficient return on assets?
Company
6.83%
Industry
39.21%
OXY is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

OXY earnings per share forecast

What is OXY's earnings per share in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$10.92+1.02%
Avg 2 year Forecast
$8.73-19.24%
Avg 3 year Forecast
$5.44-49.68%
OXY's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

OXY revenue forecast

What is OXY's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$37.5B+10.11%
Avg 2 year Forecast
$35.6B+4.43%
Avg 3 year Forecast
$31.3B-8.06%
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
-11.74%
Industry
11.41%
Market
17.66%
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
1.3%
Industry
3.87%
Market
8.2%
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$63.51$67.72+6.63%Buy
CNQ$54.33N/AN/AStrong Buy
PXD$229.12$277.07+20.93%Buy
EOG$112.41$144.42+28.47%Strong Buy
DVN$63.58$79.29+24.70%Buy

Occidental Petroleum Stock Forecast FAQ

Is Occidental Petroleum Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NYSE: OXY) stock is to Buy OXY stock.

Out of 18 analysts, 10 (55.56%) are recommending OXY as a Strong Buy, 0 (0%) are recommending OXY as a Buy, 6 (33.33%) are recommending OXY as a Hold, 1 (5.56%) are recommending OXY as a Sell, and 1 (5.56%) 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 earnings growth forecast for 2022-2024?

(NYSE: OXY) Occidental Petroleum's forecast annual earnings growth rate of -11.74% is not forecast to beat the US Oil & Gas E&P industry's average forecast earnings growth rate of 11.41%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 17.66%.

Occidental Petroleum's earnings in 2022 is $10,196,000,000.On average, 9 Wall Street analysts forecast OXY's earnings for 2022 to be $10,171,892,061, with the lowest OXY earnings forecast at $9,342,864,228, and the highest OXY earnings forecast at $13,078,146,936. On average, 10 Wall Street analysts forecast OXY's earnings for 2023 to be $8,131,924,697, with the lowest OXY earnings forecast at $4,797,183,527, and the highest OXY earnings forecast at $15,118,114,300.

In 2024, OXY is forecast to generate $5,067,316,192 in earnings, with the lowest earnings forecast at $3,744,597,627 and the highest earnings forecast at $6,101,272,253.

What is OXY's revenue growth forecast for 2022-2024?

(NYSE: OXY) Occidental Petroleum's forecast annual revenue growth rate of 1.3% is not forecast to beat the US Oil & Gas E&P industry's average forecast revenue growth rate of 3.87%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.2%.

Occidental Petroleum's revenue in 2022 is $34,093,000,000.On average, 6 Wall Street analysts forecast OXY's revenue for 2022 to be $34,969,084,224,302, with the lowest OXY revenue forecast at $33,476,740,044,521, and the highest OXY revenue forecast at $36,205,154,476,640. On average, 7 Wall Street analysts forecast OXY's revenue for 2023 to be $33,163,421,550,245, with the lowest OXY revenue forecast at $28,732,604,983,853, and the highest OXY revenue forecast at $41,959,054,752,615.

In 2024, OXY is forecast to generate $29,196,677,066,324 in revenue, with the lowest revenue forecast at $27,726,519,161,737 and the highest revenue forecast at $30,865,917,155,792.

What is OXY's forecast return on assets (ROA) for 2022-2024?

(NYSE: OXY) forecast ROA is 6.83%, which is lower than the forecast US Oil & Gas E&P industry average of 39.21%.

What is OXY's Price Target?

According to 18 Wall Street analysts that have issued a 1 year OXY price target, the average OXY price target is $67.72, with the highest OXY stock price forecast at $105.00 and the lowest OXY stock price forecast at $28.00.

On average, Wall Street analysts predict that Occidental Petroleum's share price could reach $67.72 by Aug 4, 2023. The average Occidental Petroleum stock price prediction forecasts a potential upside of 6.63% from the current OXY share price of $63.51.

What is OXY's Earnings Per Share (EPS) forecast for 2022-2024?

(NYSE: OXY) Occidental Petroleum's current Earnings Per Share (EPS) is $10.81. On average, analysts forecast that OXY's EPS will be $10.92 for 2022, with the lowest EPS forecast at $10.03, and the highest EPS forecast at $14.04. On average, analysts forecast that OXY's EPS will be $8.73 for 2023, with the lowest EPS forecast at $5.15, and the highest EPS forecast at $16.23. In 2024, OXY's EPS is forecast to hit $5.44 (min: $4.02, max: $6.55).

What is OXY's forecast return on equity (ROE) for 2022-2024?

(NYSE: OXY) forecast ROE is 18.21%, which is considered weak.
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