Occidental Petroleum (OXY) Stock Forecast for 2023 – 2026. Sell or Buy Prediction

Occidental Petroleum (OXY) Stock Forecast for 2023 – 2026. Sell or Buy?

Updated: December 5, 2023 (08:25)

Sector: Energy

The share price of Occidental Petroleum Corp. (OXY) now

Latest session on the 4th of December for
Occidental Petroleum Corp. is negative
Trading Volume: 11467604
Open: 58.43 /  High: 58.7 /  Low: 57.755
What analysts predict: $71.38
52-week High/Low: $69.78 / $55.19

50/200 Day Moving Average: $62.85 / $61.49

This figure corresponds to the Average Price over the previous 50/200 days. For Occidental Petroleum stocks, the 50-day moving average is the resistance level today.

For Occidental Petroleum stocks, the 200-day moving average is the resistance level today.

Are you interested in Occidental Petroleum Corp. stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the Occidental Petroleum stock price in 2023, 2024, 2025, 2026, 2027. How much will one Occidental Petroleum share be worth in 2023 - 2027?

When should I take profit in Occidental Petroleum stock? When should I record a loss on Occidental Petroleum stock? What are analysts' forecasts for Occidental Petroleum stock? What is the future of Occidental Petroleum stock? We forecast Occidental Petroleum stock performance using neural networks based on historical data on Occidental Petroleum stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.

Occidental Petroleum stock prediction results are shown below and presented in the form of graphs, tables and text information, divided into time intervals. (Next month, 2023, 2024, 2025, 2026 and 2027) The final quotes of the instrument at the close of the previous trading day are a signal to adjust the forecasts for Occidental Petroleum shares. This happens once a day.




Historical and forecast chart of Occidental Petroleum stock

The chart below shows the historical price of Occidental Petroleum stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Occidental Petroleum stock price can be found in the table below.

Long-term forecasts by years.

Occidental Petroleum Corporation is an American oil company. Works in the USA, Latin America and the Middle East. The headquarters is in Los Angeles.

Occidental Petroleum Corporation is the third largest oil supplier in Texas. In 2015, the corporation entered Forbes 2000 – a list of the most stable companies in the world, based on a comparison of income, assets, profit and company value. In the same year, Fortune magazine included Occidental Petroleum in the Fortune 500, the rating of the largest US corporations.

The company was founded in 1920. In 1956, Armand Hammer was brought in to the company. At the time, Occidental Petroleum was run by Dave Harris, Roy Roberts and John Sullivan. In 1957, Harmer was promoted to CEO of the company – over the next ten years, Occidental Petroleum grew to international. Under Harmer’s leadership, the company began working with Libya, Peru, Venezuela, Bolivia and the United Kingdom.

Official site of the company

Occidental Petroleum daily forecast for a month

Date Target Pes. Opt. Vol., %
Dec 07 60.21 58.48 61.48 5.13
Dec 08 59.71 58.56 62.14 6.12
Dec 09 61.50 60.13 63.20 5.09
Dec 10 59.21 58.50 59.99 2.55
Dec 11 60.67 58.37 62.05 6.30
Dec 12 59.65 57.82 61.72 6.75
Dec 13 60.79 59.26 62.87 6.09
Dec 14 60.87 59.92 62.15 3.72
Dec 15 60.61 58.68 63.38 7.99
Dec 16 57.85 56.42 58.89 4.37
Dec 17 57.92 55.97 59.27 5.90
Dec 18 56.28 53.68 57.63 7.36
Dec 19 56.28 54.90 58.99 7.44
Dec 20 58.51 57.11 59.32 3.87
Dec 21 61.04 59.76 62.32 4.29
Dec 22 60.86 58.34 61.66 5.70
Dec 23 62.10 61.32 65.00 6.02
Dec 24 65.79 63.34 67.01 5.80
Dec 25 64.17 63.24 66.32 4.87
Dec 26 65.98 63.25 67.48 6.70
Dec 27 65.74 62.59 67.08 7.18
Dec 28 61.84 60.95 64.51 5.84
Dec 29 62.80 60.09 65.81 9.53
Dec 30 66.53 65.53 68.17 4.02
Dec 31 68.81 66.82 70.17 5.00
Jan 01 67.98 66.15 70.31 6.29
Jan 02 65.61 62.47 68.02 8.89
Jan 03 63.41 60.71 65.54 7.96
Jan 04 63.56 60.59 65.55 8.18
Jan 05 62.19 59.65 63.61 6.63

Occidental Petroleum Daily Price Targets


Occidental Petroleum Stock Forecast 12-07-2023.

Forecast target price for 12-07-2023: $60.21.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 4.878%.
Pessimistic target level: 58.48
Optimistic target level: 61.48

Occidental Petroleum Stock Forecast 12-08-2023.

Forecast target price for 12-08-2023: $59.71.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 5.765%.
Pessimistic target level: 58.56
Optimistic target level: 62.14

Occidental Petroleum Stock Forecast 12-09-2023.

Forecast target price for 12-09-2023: $61.50.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 4.846%.
Pessimistic target level: 60.13
Optimistic target level: 63.20

Occidental Petroleum Stock Forecast 12-10-2023.

Forecast target price for 12-10-2023: $59.21.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 2.487%.
Pessimistic target level: 58.50
Optimistic target level: 59.99

Occidental Petroleum Stock Forecast 12-11-2023.

Forecast target price for 12-11-2023: $60.67.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 5.925%.
Pessimistic target level: 58.37
Optimistic target level: 62.05

Occidental Petroleum Stock Forecast 12-12-2023.

Forecast target price for 12-12-2023: $59.65.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 6.320%.
Pessimistic target level: 57.82
Optimistic target level: 61.72

OXY (OXY) Monthly Stock Prediction for 2023

Month Target Pes. Opt. Vol., %
Dec. 62.21 57.45 66.86 14.08

Occidental Petroleum forecast for this year


Occidental Petroleum Stock Prediction for Dec 2023

An uptrend is forecast for this month with an optimal target price of $62.2109. Pessimistic: $57.45. Optimistic: $66.86



Occidental Petroleum (OXY) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
Jan 61.58 55.50 67.23 17.44
Feb 63.46 60.55 68.32 11.37
Mar 53.21 46.34 55.93 17.15
Apr 52.49 48.74 55.34 11.93
May 50.79 47.34 54.51 13.15
Jun 50.10 46.18 55.04 16.09
Jul 46.78 43.60 48.93 10.89
Aug 44.55 42.81 48.79 12.26
Sep 46.98 44.74 52.41 14.63
Oct 48.18 44.00 50.55 12.96
Nov 46.95 41.52 52.53 20.97
Dec 43.12 38.64 46.85 17.52

Occidental Petroleum (OXY) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 41.28 37.00 46.62 20.63
Mar 39.60 34.35 43.84 21.65
Mar 43.57 39.57 46.61 15.10
Apr 44.61 39.22 50.37 22.13
May 44.53 40.37 48.09 16.06
Jun 41.73 38.04 45.92 17.15
Jul 36.76 33.51 41.39 19.03
Aug 34.70 30.16 37.59 19.77
Sep 34.17 31.96 38.35 16.66
Oct 30.69 26.72 31.83 16.06
Nov 28.44 26.56 32.31 17.81
Dec 28.01 24.82 30.63 18.97

Occidental Petroleum (OXY) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 29.53 25.77 32.95 21.79
Mar 34.55 32.50 39.19 17.09
Mar 35.61 32.82 36.82 10.85
Apr 29.56 28.55 33.27 14.19
May 31.26 28.55 34.82 18.01
Jun 33.66 31.54 37.26 15.36
Jul 37.60 33.70 40.48 16.74
Aug 40.16 36.88 43.10 14.42
Sep 38.04 35.26 42.83 17.67
Oct 42.44 38.69 45.47 14.91
Nov 49.15 47.31 50.91 7.06
Dec 46.81 44.42 52.78 15.83

Occidental Petroleum (OXY) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 53.02 50.23 58.25 13.77
Mar 54.64 49.35 57.89 14.76
Mar 48.32 42.49 52.93 19.71
Apr 50.87 47.50 57.44 17.31
May 53.81 51.25 59.39 13.71
Jun 58.39 54.32 62.36 12.89
Jul 63.45 59.24 69.60 14.88
Aug 69.70 63.54 73.61 13.68
Sep 64.96 59.55 68.83 13.48
Oct 59.55 55.30 66.84 17.27
Nov 64.61 58.90 67.36 12.56
Dec 68.68 59.34 72.65 18.32

Occidental Petroleum information and performance

Occidental Petroleum Address

5 GREENWAY PLAZA, SUITE 110, HOUSTON, TX, US

Market Capitalization: 52 963 119 000 $

Market capitalization of the Occidental Petroleum Corp. is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of OXY shares in the company outstanding by the market price of one share.

EBITDA: 14 151 000 000 $

EBITDA of Occidental Petroleum is earnings before interest, income tax and depreciation of assets.

PE Ratio: 13.11

P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit

PEG Ratio: 1.218

Price/earnings to growth

DPS: 0.67

Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.

DY: 0.012

Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.

EPS: 4.59

EPS shows how much of the net profit is accounted for by the common share.

Quarterly Earnings Growth YOY: -0.524
Quarterly Revenue Growth YOY: -0.238
Trailing PE: 13.11

Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.

Forward PE: 8.52

Forward P/E uses projections of future earnings instead of final numbers.

EV To Revenue: 2.43

Enterprise Value (EV) /Revenue

EV To EBITDA: 4.041

The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).

Shares Outstanding: 880371000

Number of issued ordinary shares

Shares Float: N/A

Number of freely tradable shares

Shares Short Prior Month: N/A

Shares Short Prior Month - the number of shares in short positions in the last month.

Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A

Occidental Petroleum (OXY) stock dividend

Occidental Petroleum last paid dividends on 12/07/2023. The next scheduled payment will be on 01/16/2024. The amount of dividends is $0.67 per share. If the date of the next dividend payment has not been updated, it means that the issuer has not yet announced the exact payment. As soon as information becomes available, we will immediately update the data. Bookmark our portal to stay updated.

Last Split Factor:

Last Split Date: 01/01/1970

Splitting of shares is an increase in the number of securities of the issuing company circulating on the market due to a decrease in their value at constant capitalization.

For example, a 5: 1 ratio means that the value of one share will decrease 5 times, the total amount will increase 5 times. It is important to understand that this procedure does not change the capitalization of the company, as well as the total value of assets held in private hands.




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Disclaimer:

All forecast data on the site are provided for informational purposes of using neural forecasting tools in the financial market and are not a call to action and, moreover, are not trading signals. When using the forecast data, the investor assumes all financial risks. The pandaforecast.com portal is not responsible for the loss of your money in the stock market as a result of using the information contained on the site.