Occidental Petroleum (OXY)
Energy7 articles
Price chart
Occidental Petroleum (OXY) overview
Occidental Petroleum is a large oil and gas producer with chemicals and carbon-capture operations. It is a member of the S&P 500 and is classified in the Energy sector — oil, gas and energy-equipment companies sensitive to commodity prices.
Occidental Petroleum trades on the NYSE under the ticker symbol OXY. As of the most recent market data, the stock was priced around $54.86, up 2.26% on the session, giving Occidental Petroleum a market capitalization of roughly $54.57B.
Over the past 52 weeks, OXY has traded between $38.80 and $67.45. Shares are valued at a trailing price-to-earnings (P/E) ratio of about 74.1, a common gauge of how richly the market prices the company's earnings. Occidental Petroleum also pays a dividend, currently yielding around 1.94%.
Key statistics
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch OXY
As one of the larger companies in the Energy sector, Occidental Petroleum is closely followed by investors and often moves with broader trends across oil, gas and energy-equipment companies sensitive to commodity prices. Traders watch OXY for earnings reports, analyst rating changes, and headlines that can shift sentiment — each of which is summarized on this page as it breaks.
Market Mood
Latest OXY news
Street Calls of the Week: Five Analyst Upgrades From T-Mobile to Toll Brothers
This week's street calls feature five analyst upgrades. BofA Securities upgraded T-Mobile US (TMUS) to Buy with a $220 target, citing insulation from satellite threats and strong urban pricing power. Deutsche Bank upgraded First Solar (FSLR) to Buy at $272 after a 27% decline it views as deeply mispriced, and Evercore raised Occidental Petroleum (OXY) to Outperform with a $65 target on its de-levered balance sheet. Mizuho upgraded Five Below (FIVE) to Outperform at $220 on stickier customer retention, and Citi upgraded Toll Brothers (TOL) to Buy with a $176 target as the only pure-play public luxury homebuilder. For ordinary investors, these calls flag where Wall Street currently sees mispriced entry points.
Read More: Street Calls of the Week: Five Analyst Upgrades From T-Mobile to Toll Brothers
Occidental Petroleum (OXY) Stock Surges Amid Market Trends
Occidental Petroleum (OXY) has experienced a notable increase in stock price due to recent market fluctuations and positive investor sentiment. Specific trading volume or percentage changes were not provided in the article. As oil prices stabilize, companies in the energy sector, including OXY, could see improved profitability. For ordinary investors, this surge in OXY's stock highlights the potential for gains with energy investments amid overall market trends.
Read More: Occidental Petroleum (OXY) Stock Surges Amid Market Trends
Berkshire Hathaway Updates Energy Portfolio with Chevron (CVX), Oxy (OXY)
As of the end of Q1, Berkshire Hathaway's (BRKA, BRKB) portfolio included Chevron (CVX) at 6.6% and Occidental Petroleum (OXY) at 6.5%. A recent 13F filing indicated that Berkshire sold approximately 45.7 million shares of Chevron, reducing its holdings from 7.2% to 6.6%. Occidental's position rose primarily due to stock price increases, even though no new shares were purchased. Currently, CVX accounts for about 5% and OXY for 4.6% of the portfolio, reflecting volatility in the energy sector largely influenced by geopolitical factors.
Read More: Berkshire Hathaway Updates Energy Portfolio with Chevron (CVX), Oxy (OXY)
Occidental Petroleum (OXY) Market Value Hits $56 Billion Amid Debt Cuts
Occidental Petroleum (OXY) recently achieved a market value of $56 billion. The company has repaid $7.1 billion of principal debt as of May 5, reducing total principal debt to $13.3 billion, moving toward a $10 billion debt milestone. OXY reported a forward-looking P/E ratio of 12.6, which is below its five-year average of 13.1. Year-to-date, the stock is up over 37%, indicating significant performance improvement despite warnings of potential volatility due to geopolitical factors impacting oil prices.
Read More: Occidental Petroleum (OXY) Market Value Hits $56 Billion Amid Debt Cuts
Occidental Petroleum (OXY) Market Predictions and Geopolitical Factors
Occidental Petroleum (OXY) is navigating significant geopolitical tensions affecting oil markets. Current oil prices are fluctuating, impacting production and profitability. As of recent trading sessions, OXY has experienced a trading volume of 5 million shares, highlighting investor interest. Analysts project that changes in geopolitical stability could lead to a potential price target of $80 per share in 12 months. This forecast reflects potential supply chain disruptions and market reactions to international events.
Read More: Occidental Petroleum (OXY) Market Predictions and Geopolitical Factors
Occidental Petroleum (OXY): Buy, Sell, or Hold Analysis
Occidental Petroleum (OXY) remains a focal point for investors evaluating potential buy, sell, or hold positions. The latest figures from the company indicate fluctuations in stock performance, alongside varying analyst ratings. Specific metrics such as P/E ratios and trading volumes are critical for assessing market prospects. Understanding these indicators helps investors make informed decisions regarding OXY’s future value in the energy sector.
Read More: Occidental Petroleum (OXY): Buy, Sell, or Hold Analysis
Constellation Brands (STZ) Leads Premarket Stocks Ahead of Earnings
Constellation Brands (STZ) is highlighted among stocks making significant moves in premarket trading. Market participants are focusing on the upcoming earnings report, which could impact STZ's stock price. Notably, stocks like Datadog (DDOG) and Occidental Petroleum (OXY) are also drawing attention. The premarket volatility indicates potential fluctuations during regular trading hours, influencing market sentiment across sectors.
Read More: Constellation Brands (STZ) Leads Premarket Stocks Ahead of EarningsMore Energy stocks
Frequently asked questions
Is Occidental Petroleum in the S&P 500?
Yes. Occidental Petroleum (OXY) is a member of the S&P 500 index, classified in the Energy sector.
What sector is OXY in?
Occidental Petroleum is classified in the Energy sector of the S&P 500 — oil, gas and energy-equipment companies sensitive to commodity prices.
Where can I find the latest OXY news?
This page collects recent Occidental Petroleum (OXY) news and market analysis, each article summarized by AI and tagged with bullish, bearish, or neutral sentiment.
What is Occidental Petroleum's stock price?
As of the most recent market data, Occidental Petroleum (OXY) traded at approximately $54.86. Prices move throughout the trading day, so this reflects the latest available quote rather than a live price.
What is Occidental Petroleum's market cap?
Occidental Petroleum has a market capitalization of roughly $54.57B, based on its most recent share price and shares outstanding.
What is OXY's P/E ratio?
OXY trades at a trailing price-to-earnings ratio of about 74.1. The P/E ratio compares a company's share price to its earnings per share.