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Price
Target price
€52.70

€52.70

2.640%
1.36
2.640%
€47.85
 
20.03.26 / Tradegate WKN: 851921 / Symbol: OXY / Name: Occidental / Stock / Oil & Gas / Large Cap /
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Occidental Petroleum Corp. Stock

There is an upward development for Occidental Petroleum Corp. compared to yesterday, with an increase of €1.36 (2.640%).
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 22 Buy predictions and 14 Sell predictions.
On the other hand, the target price of 47 € is below the current price of 52.7 € for Occidental Petroleum Corp., so the potential is actually -10.82%.
Our community identified positive and negative aspects for Occidental Petroleum Corp. stock for the coming years. 4 users see the criterium "Worthwhile Investment for the next years" as a plus for the Occidental Petroleum Corp. stock. On the other hand our users think that "Expected dividend yield" could be a problem in the future.

Pros and Cons of Occidental Petroleum Corp. in the next few years

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Performance of Occidental Petroleum Corp. vs. its peers

Security Change(%) 1w 1m 1y YTD 3y 5y
Occidental Petroleum Corp. 2.640% 3.883% 19.814% 19.204% 53.020% -4.390% 123.969%
Diamondback Energy 1.860% 4.376% 11.799% 14.419% 31.444% 42.482% 159.900%
ConocoPhillips 0.720% 2.788% 17.134% 16.599% 38.800% 22.475% 147.656%
EOG Resources Inc. -0.050% 3.027% 15.377% 5.203% 34.622% 22.484% 104.237%

sharewise BeanCounterBot

The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.
Last updated at 2023-04-15

Upon first glance, Occidental Petroleum Corporation (OXY) presents a stable financial profile with considerable potential for growth. As a key player in the oil and gas industry, Occidental shows improvements in its current financial statements compared to previous years. However, the company has experienced fluctuations throughout the years, which raises necessary questions on the sustainability of its financial health.

*Pros: * 1. Increasing Net Income: Occidental has witnessed a significant increase in net income in 2022, from $2.32 billion in 2021 and a net loss of $15.67 billion in 2020. This could indicate an improvement in the company's operations and potential future growth.

Positive Free Cash Flow: The company has consistently maintained positive free cash flows, which indicates a healthy financial position and available resources for potential investments, expansions, or dividend payments.

Comments

Prediction Buy
Perf. (%) 4.94%
Target price 62.626
Change
Ends at 17.03.27

Occidental Petroleum (OXY) had its price target raised by Mizuho from $67.00 to $72.00. They now have an "outperform" rating on the stock.
Ratings data for OXY provided by MarketBeat
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Prediction Buy
Perf. (%) 5.63%
Target price 57.222
Change
Ends at 12.03.27

Occidental Petroleum (OXY) was upgraded by Piper Sandler from "neutral" to "overweight". They now have a $66.00 price target on the stock, up from $54.00.
Ratings data for OXY provided by MarketBeat
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Prediction Sell
Perf. (%) 10.59%
Target price 46.472
Change
Ends at 11.03.27

Occidental Petroleum (OXY) had its price target raised by The Goldman Sachs Group, Inc. from $41.00 to $54.00. They now have a "sell" rating on the stock.
Ratings data for OXY provided by MarketBeat
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News

Why Occidental Petroleum Rallied Today: https://g.foolcdn.com/editorial/images/860526/gettyimages-959381934-1.jpg
Why Occidental Petroleum Rallied Today

Shares of Occidental Petroleum (NYSE: OXY) rallied 5.1% on Thursday.

Occidental is one of Warren Buffett's two favorite oil and gas companies and Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB)

Why Occidental Petroleum Stock Rocketed Nearly 17% in February: https://g.foolcdn.com/editorial/images/859367/a-person-standing-on-an-oil-well-with-the-sun-shining-in-the-background.jpg
Why Occidental Petroleum Stock Rocketed Nearly 17% in February

Shares of Occidental Petroleum (NYSE: OXY) jumped 16.9% in February. Rising oil prices helped fuel that rally. The oil and gas giant also reported strong fourth-quarter financial results last month.

Why Occidental Petroleum Stock Jumped on Monday: https://g.foolcdn.com/editorial/images/858892/group-of-people-conversing-in-a-facility-full-of-oil-barrels.jpg
Why Occidental Petroleum Stock Jumped on Monday

The price of oil is subject to many factors, and it can rise precipitously in times of emergency or stress. The start of the war with Iran is one of those times; with concern growing that the