Occidental Petroleum (OXY)
Oil and gas producer with midstream, marketing and carbon-management operations.
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Produces oil, NGLs and natural gas across major US basins and international partnerships, supported by gathering, processing, transportation and marketing. Following the OxyChem sale, cash generation is concentrated in upstream operations, while its midstream segment also develops carbon capture and direct air capture projects.
Produces oil, natural gas liquids and natural gas across the Permian and DJ basins, the deepwater Gulf of America, and operations in Algeria, Oman, Qatar and the UAE. The Oil and Gas segment develops these resources, while Midstream and Marketing gathers, processes, transports, stores and sells company and third-party volumes.
Combines large US onshore positions with enhanced-recovery expertise, offshore platforms and long-dated international partnerships. Oxy Low Carbon Ventures, housed in Midstream and Marketing, develops carbon capture, utilization and storage projects and direct air capture through 1PointFive, including STRATOS in Texas.
Following the OxyChem divestiture, results are concentrated in upstream production and related logistics. Earnings depend on oil, NGL and gas prices, transportation and storage spreads, operating performance and permits; carbon-removal projects also face evolving policy, financing and credit-verification requirements.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Wells Fargo | Reiterate | Rating: —Target: $79 | Target: $82 |
| Sep 14, 2026 | UBS | Reiterate | Rating: —Target: $65 | Target: $67 |
| Sep 11, 2026 | Evercore ISI | Reiterate | Rating: —Target: $65 | Target: $70 |
| Sep 2, 2026 | Seaport Global | Initiate | Rating: —Target: — | Target: $73 |
| Aug 17, 2026 | Barclays | Reiterate | Rating: —Target: $75 | Target: $71 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.15B · Total debt $14.63B · Total assets $80.36B · Shareholders' equity $41.75B
- Revenue
- $8.33B
- Operating income
- $3.78B
- Net income
- $2.98B
HistoryDividendAnnual yield
| Institutions | 83.96% | 839.32M shares | |
|---|---|---|---|
| 1,321 holders · as of Jun 30, 2026 | |||
| Insiders | 0.27% | 2.69M shares | |
| 17 holders · as of Aug 4, 2026 | |||
| Other | 15.77% | 157.63M shares | |
| remainder | |||
999.64M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Berkshire Hathaway IncInstitution | 26.50% | 264.94M | as of Jun 30, 2026 |
Dodge & CoxInstitution | 7.28% | 72.76M | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 5.59% | 55.86M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.81% | 48.10M | as of Jun 30, 2026 |
State Street CorpInstitution | 4.62% | 46.14M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 23, 2026 | Richard A. Jackson | director, officer: President and CEO | +4,770 | $52.38 |
| Dec 16, 2025 | William R. Klesse | director | +5,000 | $38.98 |
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- Permian Resources
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Occidental Petroleum | $56.85 | −0.69% | $56.94B | 8.8 | 12.2 | 2.3 | +25.7% |
| ExxonMobil | $158.55 | +0.16% | $656.48B | 20.4 | 12.9 | 1.8 | +46.0% |
| Chevron | $203.11 | −0.27% | $405.85B | 19.5 | 12.8 | 1.9 | +57.9% |
| ConocoPhillips | $125.58 | −1.53% | $155.37B | 16.9 | 12.7 | 2.5 | +39.7% |
| Diamondback Energy | $185.79 | −1.84% | $53.24B | 37.0 | 9.7 | 3.1 | +32.1% |
| EOG Resources | $140.20 | −0.83% | $75.30B | 11.0 | 9.0 | 2.8 | +60.5% |
| Devon Energy | $47.07 | −1.10% | $52.35B | 11.3 | 9.3 | 2.7 | +83.2% |
| Permian Resources | $21.66 | −1.41% | $18.40B | 14.5 | 9.7 | 3.2 | +55.2% |
| Median | 16.9 | 9.7 | 2.7 | +55.2% |