Occidental Petroleum Corporation ($OXY) Stock Forecast: Up 5.1% Today

What is Occidental Petroleum Corporation?

Occidental Petroleum (NYSE: OXY) is a multinational oil and gas exploration and production company based in the United States. The company operates in the Permian Basin, the Middle East, and Colombia, among other regions.

Why is Occidental Petroleum Corporation going up?

OXY stock is up 5.1% on Oct 23, 2025 18:01

• Occidental Petroleum (OXY) saw a significant increase today, closing at $41.80, up 2.18% from the day before.
• This upward movement could be linked to recent sanctions imposed by the U.S. on two Russian oil companies, which may have driven up demand for alternative oil sources like those offered by Occidental Petroleum.
• Moreover, a 6.69% reduction in short interest suggests a more positive market outlook on OXY, potentially contributing to its upward trajectory.
• Despite a prior larger decline compared to the overall market, OXY showed strong recovery today, outperforming major market indices.

OXY Price Chart

OXY Technical Analysis

OXY News

Occidental Petroleum Shares Are Trading Higher Thursday: What's Going On? - Occidental Petroleum ( NYSE:OXY )

Occidental Petroleum Corporation ( NYSE:OXY ) shares are trading higher Thursday as prices rise after the U.S. imposed sanctions on two Russian oil companies, Rosneft and Lukoil.

https://www.benzinga.com/trading-ideas/movers/25/10/48383996/occidental-petroleum-shares-are-trading-higher-thursday-whats-going-on

Why the Market Dipped But Occidental Petroleum ( OXY ) Gained Today

Occidental Petroleum (OXY) concluded the recent trading session at $41.8, signifying a +2.18% move from its prior day's close.

https://www.zacks.com/stock/news/2774635/why-the-market-dipped-but-occidental-petroleum-oxy-gained-today

What's Driving the Market Sentiment Around Occidental Petroleum Corp? - Occidental Petroleum ( NYSE:OXY )

Occidental Petroleum Corp's ( NYSE:OXY ) short interest as a percent of float has fallen 6.69% since its last report. According to exchange reported data, there are now 34.46 million shares sold short, which is 5.44% of all regular shares that are available for trading.

https://www.benzinga.com/insights/short-sellers/25/10/48338178/whats-driving-the-market-sentiment-around-occidental-petroleum-corp

Occidental Petroleum ( OXY ) Suffers a Larger Drop Than the General Market: Key Insights

In the latest trading session, Occidental Petroleum (OXY) closed at $41.04, marking a -2.01% move from the previous day.

https://www.zacks.com/stock/news/2770638/occidental-petroleum-oxy-suffers-a-larger-drop-than-the-general-market-key-insights

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Occidental Petroleum Corporation Price History

23.05.2025 - OXY Stock was down 5.1%

• Despite significant investments in Occidental Petroleum and the optimistic long-term outlook, OXY faced a downward trend in trading.
• The stock recorded a -2.41% decrease amidst overall market gains, reflecting a unique negative perception towards OXY.
• Despite a focus on financial management and a favorable economic environment for growth, these factors did not mitigate the stock's slump.
• It seems that external influences or market sentiment overshadowed the stock's positive fundamentals and technical indicators, contributing to today's decline in Occidental Petroleum's share price.

23.09.2025 - OXY Stock was up 5.0%

• Occidental Petroleum (OXY) saw a significant increase in its stock price today, closing at $41.80, up by +2.18% from the previous day's close.
• The decline in short interest as a percentage of float by 6.69% likely contributed to the positive market sentiment surrounding OXY, suggesting decreased pessimistic positions on the stock.
• Despite experiencing a larger decline compared to the broader market in the last session, OXY staged a notable recovery, potentially fueled by an uptick in market sentiment and reduced short selling activity.
• Overall, the upward movement in OXY's stock price can be linked to a mix of reduced short interest, improved market sentiment, and potential positive developments within the industry.

02.09.2025 - OXY Stock was down 4.7%

• The bearish movement in Occidental Petroleum's stock could be attributed to a possible OxyChem sale, raising concerns among investors about the company's future strategic direction and financial stability.
• Despite a recent positive shift in the stock market, with OXY closing at $48.1, the overall sentiment has turned bearish, possibly due to uncertainties surrounding the potential divestiture.
• The options frenzy and bullish stance taken by investors earlier might have been overshadowed by the news of a strategic sale, leading to a shift in market sentiment towards a more cautious and negative outlook for Occidental Petroleum.

08.04.2025 - OXY Stock was up 6.5%

• Occidental Petroleum (OXY) experienced a strong bullish movement today.
• The bullish market movement can be attributed to Occidental beating Q1 profit forecasts and successfully reducing its debt by $2.3 billion year-to-date, showcasing strong financial management.
• Despite the recent drop in OXY stock due to sliding oil prices and OPEC+ output increase, the positive Q1 earnings report and revised guidance have instilled confidence in investors, leading to the bullish market movement.
• Occidental's ability to increase production year-over-year and adjust its operational costs lower has likely impressed investors, driving the stock's upward momentum amidst the challenging oil market conditions.

07.07.2025 - OXY Stock was up 0.9%

• Despite expected revenue and EPS declines in the second-quarter results, OXY experienced a strong bullish movement.
• The market may be optimistic about higher Permian production and debt cuts by Occidental, leading to the bullish trend.
• Investors might be focusing more on the long-term strategic moves and operational improvements rather than short-term financial metrics, driving the positive momentum in OXY's stock price.

23.09.2025 - OXY Stock was up 5.1%

• Occidental Petroleum (OXY) saw a significant increase today, closing at $41.80, up 2.18% from the day before.
• This upward movement could be linked to recent sanctions imposed by the U.S. on two Russian oil companies, which may have driven up demand for alternative oil sources like those offered by Occidental Petroleum.
• Moreover, a 6.69% reduction in short interest suggests a more positive market outlook on OXY, potentially contributing to its upward trajectory.
• Despite a prior larger decline compared to the overall market, OXY showed strong recovery today, outperforming major market indices.

10.09.2025 - OXY Stock was down 5.1%

• OXY experienced a strong bearish movement on the market recently.
• The announcement of selling OxyChem to Berkshire for $9.7 billion raised concerns among investors regarding its impact on OXY's future earnings, potentially triggering the bearish trend.
• Despite a positive shift in the stock market in the prior trading session, the significant news of the major subsidiary sale and debt reduction plan might have overshadowed any short-term positivity, leading to the bearish movement.
• Investors are wary about the implications of this divestiture on OXY's business strategy and financial well-being, prompting a sell-off of the stock.

08.06.2025 - OXY Stock was up 2.3%

• OXY experienced a bullish movement, possibly driven by increased investor confidence in the company's commitment to sustainable dividends, backed by its low-cost Permian assets and growing free cash flow.
• Despite a downturn in the overall market, OXY's resilience in maintaining and potentially raising its dividend through energy market fluctuations likely reassured investors, leading to the uptick in its stock performance.
• Observers have pointed out OXY's ongoing efforts to create long-term value and adapt strategic initiatives, which may have influenced the stock's outperformance relative to broader market trends.

24.05.2025 - OXY Stock was down 5.9%

• Despite the overall market gains, Occidental Petroleum (OXY) experienced a significant drop in its stock price.
• Warren Buffett's investment in Occidental Petroleum, which initially faced challenges, is showing signs of rebounding with bullish technicals and long-term free cash flow drivers emerging.
• Occidental's focus on capital discipline and leveraging lower interest rates to boost margins and cash flow may not have been enough to offset the bearish market movement impacting the stock price.
• The drop in OXY's stock price could be attributed to broader market factors, industry-specific challenges, or a combination of both, leading to a disconnect between the company's strategic initiatives and investor sentiment.

24.05.2025 - OXY Stock was down 5.6%

• Occidental Petroleum (OXY) reduced its debt by $6.8 billion in the past 10 months, which positively impacted its interest costs and provided more flexibility for shareholder returns.
• Despite an initial investment from Warren Buffett, the stock saw a decline today, indicating short-term market fluctuations.
• The company's strategy of capital discipline and leveraging lower interest rates to boost margins and cash flow may support its long-term growth prospects.
• Overall, Occidental Petroleum's bearish movement today could be a result of short-term market reactions, despite the company's efforts towards debt reduction and strategic growth initiatives.

10.09.2025 - OXY Stock was down 5.3%

• Occidental Petroleum (OXY) closed with a bearish movement despite a slight positive shift in the previous trading session.
• The bearish movement could be attributed to broader market volatility or specific negative news impacting the oil and gas sector.
• Investors might be reacting to concerns about global oil demand, geopolitical tensions, or company-specific challenges.
• It's essential for traders to closely monitor market trends and company developments to make informed decisions regarding Occidental Petroleum (OXY) stock.

15.06.2025 - OXY Stock was down 5.4%

• OXY stock was trading above its 50-day SMA after a significant rally, indicating positive momentum in the recent past.
• Despite closing slightly higher in the most recent trading session, OXY faced a bearish trend overall, possibly influenced by profit-taking or market sentiment.
• Deep-pocketed investors adopting a bearish approach towards OXY could have added selling pressure to the stock, contributing to its bearish movement.
• While OXY's strategic acquisitions and strong Permian assets are seen as long-term value drivers, the bearish sentiment from big money investors might have overshadowed these positive aspects in today's market activity.