Occidental Petroleum Corp

Occidental operates across three distinct segments: upstream oil and gas production anchored by the Permian Basin, its OxyChem chlor-alkali chemicals business that generates stable cash even during oil price downturns, and midstream and marketing operations. Its 2019 acquisition of Anadarko Petroleum dramatically expanded its Permian footprint. A newer Low Carbon Ventures segment pursues carbon capture and direct air capture technologies as a long-term strategic hedge against energy transition risk.

Occidental carries meaningful debt from its Anadarko acquisition, which amplifies both upside and downside relative to oil prices. The mix of OxyChem's more stable earnings alongside cyclical upstream production offers some cushion. Warren Buffett's Berkshire Hathaway has accumulated a substantial stake, a signal many investors weigh. Risks include commodity price swings, capital intensity, and the pace of debt reduction relative to cash generation over the cycle.

ExxonMobil and Chevron dwarf Occidental in scale but compete directly in the Permian Basin. ConocoPhillips is a close peer in terms of an upstream-focused strategy without a downstream refining business. Devon Energy and Pioneer Natural Resources (now absorbed into ExxonMobil) historically competed for the same acreage and drilling talent in the Permian, making that basin the primary competitive battleground for Occidental.

Occidental slashed its dividend sharply during the 2020 oil price crash, prioritizing debt repayment over shareholder income. Since then the company has restored and gradually grown its dividend, though the yield remains modest compared to integrated oil majors. Berkshire Hathaway's preferred shares also receive substantial dividends that rank ahead of common shareholders, a structural consideration for income-focused investors evaluating total capital allocation.

OXY last closed at $53.03, down 1.69% in the most recent trading session. Over the past 52 weeks, the stock has traded between a low of $38.72 and a high of $67.45. The current price represents 50% of its 52-week range, which helps investors gauge where the stock sits relative to its recent trading history.

Among 32 analysts covering OXY, the consensus rating is Hold — 13 rate it a buy, 16 hold, and 3 sell. The average price target sits at $105.02, implying 98% upside from the current price. Keep in mind that analyst targets reflect 12-month expectations and can shift quickly after earnings reports or major company events.

Occidental Petroleum Corp generated $21.46B in revenue during fiscal year 2026, with $2.31B reaching the bottom line as net income. The net profit margin of 10.8% is solid for its sector.

OXY trades at a P/E ratio of 25.09 on trailing earnings of $2.34 per share. That's roughly in line with the broader market average of ~20-25x. Comparing this multiple against Energy sector peers gives better context than the broad market alone, since P/E norms vary significantly across industries.

Performance varies across timeframes, reflecting shifting market conditions. Returns by timeframe: +13.65% (3M), +26.87% (6M), +25.78% (1Y), +25.13% (YTD). Comparing these figures against the S&P 500 and sector benchmarks helps determine whether OXY is outperforming or lagging the broader market.