Exchange: NYSE·Updated 12:25 PM EDT
OXY logo

OXY Occidental Petroleum Corp.

$62.05
$0.65
(1.04%)
Today
EarningsNov 9
Mkt Cap$62.68B
Vol3.9M

About OXY

Occidental Petroleum Corp. engages in the exploration and production of oil and natural gas. It operates through the following segments: Oil and Gas, Chemical, and Midstream and Marketing. The Oil and Gas segment explores for, develops and produces oil and condensate, natural gas liquids, and natural gas. The Chemical segment manufactures and markets basic chemicals and vinyls. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, natural gas liquids, natural gas, carbon dioxide, and power. The company was founded in 1920 and is headquartered in Houston, TX.
56

Bullish Sentiment

How do you feel about OXY?

thesupine
$OXY $BRK.B $CBOE the majority of my port, with some $CASY and $BROS sprinkles. Has been an awesome week! Feasting while the "Bulls" weep! Weeks like these remind us of the advantages of a boring portfolio.
3
thesupine
$OXY trimming $100K here from 53 sp $FSLR starter position the trump fascists are going to start embracing it for data centers they can't get oil out of middle east anymore
3
FilthyPeasant
$OXY fantastic company, don't think that you'll be unsatisfied by entering around here for a LT hold, but tbh I think that we'll get a chance <$50 before EoY. glta longs, not trying to antagonize just recognizing that this short-term bump in oil will take a while to unwind once geopolitical constraints are removed.
1
thatsolardude365
$OXY: OPEC is not a defendant in the shale case. Judge Garcia read the core claim as an alleged agreement among the U.S. producers themselves, and found end fuel buyers have standing to sue. Nothing to claim. Open Class Actions.
1
ForestGump1776
$OXY Why the disconnect between oil prices and oil producers? Smart money knows what is lies ahead… direct and harsh government intervention in the oil market is coming via price controls and consumer limits. It causes the price of oil to go up but that actually is not bullish for oil producers, research it. Government intervention in the oil market is not if but rather when 😑.
2
TopOptionAlert
$OXY NOV20 65C · still actionable Zone: $62.28 to $63.16 Invalidation: close under $60.25 Objectives: $66.50, then $70 The math: up 6.0% to the first objective and 11.6% to the second, against 3.9% risk on the invalidation, near 3 to 1 to the second Dear friend, think of this swing setup like a quiet oil town road that keeps rising a little each week while nobody argues about it at the diner. Occidental closed Monday at $62.72, up a little on the day, after buyers held the $62.00 low, and price is up about 6.6 percent in a month, which means the climb is steady, not a sudden jump you have to chase. Earnings on November 9 give that climb a real test, and the November 20 calls give a good report time to work toward $66.50 first and $70 next, while a close under $60.25 would say the road has turned and you step aside. P.S. Watch $63.06 on Tuesday. It was the high on Monday, and a close over it would show buyers pressing, not just holding the low.
1
TopOptionAlert
$OXY NOV20 65C · still actionable Zone: $62.30 to $63.15 Invalidation: close under $60.25 Objectives: $66.50, then $70 The math: up 6.0% to the first objective and 11.6% to the second, against 3.9% risk on the invalidation, near 3 to 1 to the second. Think of this as a swing where the stock did the quiet work first. It sat in a base near sixty dollars for weeks while oil stayed firm, and now it is pressing above that base into its November 9 earnings report, which means buyers are willing to step in before the news rather than wait and chase it. What that means for you is simple. The level that held on the pullbacks is clear underneath, and the old highs near sixty seven dollars and then seventy dollars are the room it has to travel if the earnings story holds up. P.S. Watch the November 9 earnings date. A strong report there is what could turn a move to the first objective into a run at the second.
1
BullishTulips
$OXY Goldman “uhh so they are gonna be paying off their debt pile way earlier than we thought” (rallies 4%) Literally everyone who’s owned this since Hormuz got disrupted:
1
seven01trades
$OXY — Fresh Goldman upgrade: Goldman Sachs upgraded Occidental Petroleum to Buy from Neutral and raised its price target to $69 from $63. Goldman points to debt reduction, improving capital efficiency and management's plan to generate roughly $4B of additional cash flow by 2030. TradingView The call comes with Brent crude near $100/barrel, giving $OXY both a company-specific deleveraging catalyst and a supportive commodity backdrop. The $69 target is an analyst forecast—not company guidance.
1
TopOptionAlert
$OXY NOV20 65C · still actionable Zone: $62.26 to $63.14 Invalidation: close under $60 Objectives: $67.45, then $70 The math: up 7.6% to the first objective and 11.6% to the second, against 4.3% risk on the invalidation, about 2.7 to 1 to the second This is a simple swing in a name that has been climbing all month and is still holding well above its 50 day average near 59.65, which tells you the buyers have not left. Think of it like a kitchen table rule: when a stock pulls back a little to 62.70 after touching 63.23 and does not fall apart, the path back toward the old high at 67.45 is the honest next question. Earnings land on November 9, so this contract runs past that date and gives the move time to work, but it also means that report is the moment that can change the story fast. P.S. Watch 63.23 first. A close above that early high makes the run at 67.45 a lot cleaner to read.
thatsolardude365
$OXY: the shale suit also names two former CEOs individually, Scott Sheffield of Pioneer and John Hess. Plaintiffs allege executives met OPEC officials at CERAWeek dinners while output stayed capped. Nothing to claim. Open Class Actions.
thatsolardude365
$OXY: cities and counties are plaintiffs in the shale oil case, from Ford County to San Diego and Baltimore. The suit alleges producers used discipline as code to hold output back. Lawsuit stage, nothing to claim. Open Class Actions.
theoptionsplug
$OXY pushing toward that resistance trendline. Looks like it could breakout in the near future and drift back up to highs 🛢️
dustlesspuma
🟢 $OXY 64C Oct 16 💰 $159,600 premium 💵 $0.15/contract 📊 59.2x Vol/OI 📍 Spot $60.66 💰 Large premium | 🔥 59.2x Vol/OI 🌊 Dark Flow | Options Flow
PhoTime
Iran escalation risk is rising. The Pentagon has instructed U.S. Central Command to finalize preparations for potentially resuming major combat operations in Iran, according to Axios. No final strike decision has been made, but the risk is clearly increasing. Brent crude is back above $100. Watching: $OXY $XOM $CVX $LMT $RTX More conflict could mean higher oil prices, increased defense spending and another inflation shock for markets. The Strait of Hormuz remains the key wildcard.
Akcoline
$OXY 0:49 AM EDT, 10/02/2026 (MT Newswires) -- Occidental Petroleum (OXY) has an average rating of overweight and mean price target of $68.80, according to analysts polled by FactSet. BMO target $68
NoobTrader77
$OXY good support around 57.30 range (looking at the fib) don't think we'll see it break below
dustlesspuma
🔴 $OXY 55P Oct 16 💰 $104,000 premium 💵 $0.52/contract 📊 1.4x Vol/OI 📍 Spot $57.56 💰 Large premium | 🚨 Repeat sweep 🌊 Dark Flow | Options Flow
KryptonResearch14
$OXY Goldman is the first big bank to actually upgrade the rating this month, not just lift the target. Neil Mehta took Occidental to Buy from Neutral late Wednesday, target to 69 from 63. About 25% upside. UBS, Wells Fargo and Evercore all raised targets in September without touching their ratings. The pitch is not the oil price. It is the balance sheet and the 4 billion of annual sustainable cash flow management says it can reach by 2030, with 85% of it structural enough to hold at lower prices. The part already done: OXY cut principal debt 1.9 billion in Q2 alone, to 11.8 billion, the lowest since 2019. The annualized interest bill is down about 630 million from 2025 levels. Cash that stops leaving the business every year regardless of the barrel. The wrinkle: OXY runs with essentially no commodity hedges. Every dollar of oil price flows straight to cash flow. With Brent back over 100, that is the upside. The downside is exactly as exposed. Shares rose 4.4% Thursday.
SqueezeSpecs
$OXY: Occidental reported Q2 2026 net income of $2.8B and adjusted EPS of $2.40. Production averaged 1.433M barrels of oil equivalent per day, above the high end of guidance, while the company reduced principal debt by $1.9B to $11.8B. Shares closed September 25 at $56.86, down 2.05%. Recent trading has come despite relatively firm crude prices, with OXY remaining below its March 52-week high of $67.45.

Advertisement|Remove ads.