Occidental Petroleum (OXY) Stock Forecast for 2024–2028. Sell or Buy Prediction







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Occidental Petroleum (OXY) Stock Forecast for 2024–2028. Sell or Buy?

Updated: April 26, 2024 (08:25)

Sector: Energy

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

Latest session on the 26th of April for
Occidental Petroleum Corp. is negative
Trading Volume: 5416230
Open: 67.915 /  High: 68.015 /  Low: 66.93
What analysts predict: $71.76
52-week High/Low: $71.19 / $54.92

50/200 Day Moving Average: $63.37 / $61.8

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

For Occidental Petroleum stocks, the 200-day moving average is the support 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 2024, 2025, 2026, 2027, 2028. How much will one Occidental Petroleum share be worth in 2024 - 2028?

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, 2024, 2025, 2026, 2027 and 2028) 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., %
Apr 28 71.11 68.90 73.93 7.31
Apr 29 72.82 71.51 75.22 5.19
Apr 30 71.38 68.64 74.80 8.99
May 01 69.58 67.12 70.83 5.54
May 02 72.29 69.82 74.68 6.96
May 03 70.30 67.60 73.29 8.42
May 04 69.79 66.78 72.93 9.22
May 05 68.95 67.18 69.99 4.19
May 06 68.50 67.47 71.25 5.60
May 07 66.40 63.97 69.47 8.59
May 08 64.81 63.57 67.26 5.81
May 09 65.94 62.97 67.28 6.85
May 10 65.42 63.42 67.03 5.69
May 11 65.97 64.47 66.96 3.87
May 12 65.38 62.95 68.28 8.48
May 13 64.48 62.77 65.64 4.56
May 14 66.57 65.65 68.48 4.32
May 15 65.25 62.86 66.58 5.92
May 16 63.09 61.32 64.42 5.06
May 17 62.98 61.85 63.74 3.05
May 18 63.02 60.26 64.64 7.28
May 19 62.45 60.92 63.46 4.18
May 20 65.97 64.59 67.79 4.96
May 21 69.50 68.58 72.50 5.72
May 22 72.75 71.00 73.71 3.81
May 23 74.54 71.45 77.18 8.01
May 24 71.77 69.66 73.40 5.38
May 25 69.61 66.61 71.91 7.96
May 26 68.86 66.84 71.92 7.60
May 27 67.21 65.60 69.71 6.27

Occidental Petroleum Daily Price Targets


Occidental Petroleum Stock Forecast 04-28-2024.

Forecast target price for 04-28-2024: $71.11.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 6.810%.
Pessimistic target level: 68.90
Optimistic target level: 73.93

Occidental Petroleum Stock Forecast 04-29-2024.

Forecast target price for 04-29-2024: $72.82.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 4.937%.
Pessimistic target level: 71.51
Optimistic target level: 75.22

Occidental Petroleum Stock Forecast 04-30-2024.

Forecast target price for 04-30-2024: $71.38.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 8.244%.
Pessimistic target level: 68.64
Optimistic target level: 74.80

Occidental Petroleum Stock Forecast 05-01-2024.

Forecast target price for 05-01-2024: $69.58.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 5.246%.
Pessimistic target level: 67.12
Optimistic target level: 70.83

Occidental Petroleum Stock Forecast 05-02-2024.

Forecast target price for 05-02-2024: $72.29.
Positive dynamics for Occidental Petroleum shares will prevail with possible volatility of 6.505%.
Pessimistic target level: 69.82
Optimistic target level: 74.68

Occidental Petroleum Stock Forecast 05-03-2024.

Forecast target price for 05-03-2024: $70.30.
Negative dynamics for Occidental Petroleum shares will prevail with possible volatility of 7.769%.
Pessimistic target level: 67.60
Optimistic target level: 73.29

OXY (OXY) Monthly Stock Prediction for 2024

Month Target Pes. Opt. Vol., %
May. 68.03 59.47 73.92 19.55
Jun. 77.28 73.47 87.00 15.55
Jul. 82.53 79.02 90.39 12.57
Aug. 69.48 60.15 72.67 17.23
Sep. 60.15 57.29 67.92 15.66
Oct. 70.28 67.89 78.76 13.80
Nov. 79.83 76.30 85.80 11.07
Dec. 75.90 65.83 80.80 18.52

Occidental Petroleum forecast for this year


Occidental Petroleum Stock Prediction for May 2024

An uptrend is forecast for this month with an optimal target price of $68.0251. Pessimistic: $59.47. Optimistic: $73.92


Occidental Petroleum Stock Prediction for Jun 2024

An uptrend is forecast for this month with an optimal target price of $77.2765. Pessimistic: $73.47. Optimistic: $87.00


Occidental Petroleum Stock Prediction for Jul 2024

An uptrend is forecast for this month with an optimal target price of $82.5313. Pessimistic: $79.02. Optimistic: $90.39


Occidental Petroleum Stock Prediction for Aug 2024

An downtrend is forecast for this month with an optimal target price of $69.4831. Pessimistic: $60.15. Optimistic: $72.67


Occidental Petroleum Stock Prediction for Sep 2024

An downtrend is forecast for this month with an optimal target price of $60.1515. Pessimistic: $57.29. Optimistic: $67.92


Occidental Petroleum Stock Prediction for Oct 2024

An uptrend is forecast for this month with an optimal target price of $70.275. Pessimistic: $67.89. Optimistic: $78.76


Occidental Petroleum Stock Prediction for Nov 2024

An uptrend is forecast for this month with an optimal target price of $79.8324. Pessimistic: $76.30. Optimistic: $85.80


Occidental Petroleum Stock Prediction for Dec 2024

An downtrend is forecast for this month with an optimal target price of $75.8967. Pessimistic: $65.83. Optimistic: $80.80



Occidental Petroleum (OXY) Monthly Stock Prediction for 2025

Month Target Pes. Opt. Vol., %
Jan 77.70 70.57 82.59 14.55
Feb 70.83 63.25 80.47 21.40
Mar 65.17 59.63 73.71 19.09
Apr 57.75 50.88 60.01 15.22
May 65.70 61.91 71.96 13.97
Jun 71.29 67.41 80.62 16.39
Jul 75.77 73.07 84.02 13.03
Aug 72.29 67.01 75.74 11.52
Sep 79.55 76.44 89.96 15.03
Oct 80.22 71.90 87.45 17.78
Nov 85.40 78.87 96.58 18.34
Dec 84.24 75.94 91.98 17.44

Occidental Petroleum (OXY) Monthly Stock Prediction for 2026

Month Target Pes. Opt. Vol., %
Jan 83.96 72.97 91.23 20.02
Feb 80.10 72.07 87.05 17.21
Mar 75.34 68.55 78.15 12.29
Apr 79.43 69.98 85.65 18.29
May 76.19 69.59 80.21 13.24
Jun 82.02 72.68 87.32 16.77
Jul 79.93 73.82 84.96 13.12
Aug 73.68 67.42 79.07 14.73
Sep 67.17 62.14 72.88 14.73
Oct 62.26 54.95 67.87 19.03
Nov 54.43 47.95 58.87 18.55
Dec 53.87 46.73 55.98 16.52

Occidental Petroleum (OXY) Monthly Stock Prediction for 2027

Month Target Pes. Opt. Vol., %
Jan 54.60 48.01 59.06 18.70
Feb 60.45 57.88 67.54 14.30
Mar 64.66 56.42 71.59 21.19
Apr 74.45 64.32 82.80 22.32
May 80.14 75.78 89.82 15.62
Jun 83.00 76.09 92.46 17.70
Jul 94.43 85.28 98.77 13.65
Aug 98.77 87.69 105.65 17.00
Sep 91.55 86.57 96.84 10.61
Oct 86.26 78.48 94.03 16.53
Nov 92.27 87.88 97.13 9.53
Dec 84.43 78.83 95.62 17.56

Occidental Petroleum (OXY) Monthly Stock Prediction for 2028

Month Target Pes. Opt. Vol., %
Jan 88.30 85.30 97.46 12.48
Feb 96.26 92.17 106.40 13.38
Mar 91.84 84.97 96.83 12.25
Apr 101.99 94.36 106.50 11.40
May 98.69 87.45 104.40 16.23
Jun 111.78 104.18 118.81 12.32
Jul 113.68 109.43 121.80 10.15
Aug 94.74 83.31 104.57 20.33
Sep 87.17 76.50 94.43 18.99
Oct 82.13 72.08 92.33 21.93
Nov 74.31 67.62 82.40 17.94
Dec 79.87 72.95 87.75 16.87

Occidental Petroleum information and performance

Occidental Petroleum Address

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

Market Capitalization: 59 393 155 000 $

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: 13 019 000 000 $

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

PE Ratio: 17.18

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

PEG Ratio: 2.63

Price/earnings to growth

DPS: 0.72

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: 0.0131

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

EPS: 3.9

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

Quarterly Earnings Growth YOY: -0.379
Quarterly Revenue Growth YOY: -0.127
Trailing PE: 17.18

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: 19.16

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

EV To Revenue: 3.148

Enterprise Value (EV) /Revenue

EV To EBITDA: 6.25

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

Shares Outstanding: 886465000

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 03/07/2024. The next scheduled payment will be on 04/15/2024. The amount of dividends is $0.72 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.