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

What is Occidental Petroleum Corporation?

Occidental Petroleum (OXY): A major oil and gas exploration and production company, Occidental Petroleum has recently taken steps to lower its debt and concentrate on its primary operations.

Why is Occidental Petroleum Corporation going up?

OXY stock is up 5.1% on Jan 9, 2026 14:40

• The recent bullish movement in OXY's stock may be linked to the successful sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion. This sale is part of Occidental's strategy to cut its significant debt and prioritize its core oil and gas activities.
• Market sentiment appears positive towards Occidental as it aims to strengthen its financial position, increase shareholder returns, and invest in profitable projects in key regions like Permian, Gulf of America, and Baqiyah gas and condensate discovery in Oman.
• Investors are showing confidence in Occidental's plan to reduce debt and concentrate on lucrative ventures, which is leading to a more optimistic outlook on the company's future financial performance.

OXY Price Chart

OXY Technical Analysis

OXY News

EQT stock wobbles as U.S. natural gas prices slide on warm weather signals

EQT Corp stock experienced a 4.2% drop as U.S. natural gas prices, particularly the Henry Hub spot price, slid significantly due to warmer weather forecasts and steady supply. While oil-weighted peers saw gains, natural gas-linked companies like EQT faced pressure. The future direction of gas prices and EQT's stock will depend on upcoming weather shifts, weekly storage data, and the company's Q4 results expected in February.

https://ts2.tech/en/eqt-stock-wobbles-as-u-s-natural-gas-prices-slide-on-warm-weather-signals/

Is Dow (DOW) Recasting Its Innovation Edge By Merging Technology And Sustainability Leadership?

Dow Inc. is integrating technology and sustainability leadership with the appointment of Andre Argenton as the new Chief Technology and Sustainability Officer. This move signals a strengthened commitment to innovation and environmental performance within the company's core strategy. While the immediate focus remains on cost-cutting and stabilizing a cyclical business, investors are also watching how this new leadership structure and ongoing asset reviews will impact Dow's long-term financial flexibility and growth projects.

https://simplywall.st/stocks/us/materials/nyse-dow/dow/news/is-dow-dow-recasting-its-innovation-edge-by-merging-technolo

Occidental Petroleum (OXY) Closes Sale of Chemical Business to Berkshire Hathaway

Occidental Petroleum (OXY) has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion, a strategic move to reduce its significant debt load. This divestment aims to strengthen the company's balance sheet, accelerate shareholder returns, and fund high-return opportunities in its core oil and gas operations. While OxyChem previously contributed substantially to pre-tax income, the sale will help Occidental achieve its debt reduction target and refocus on Permian assets, Gulf of America waterfloods, and the Baqiyah gas and condensate discovery in Oman.

https://finviz.com/news/270180/occidental-petroleum-oxy-closes-sale-of-chemical-business-to-berkshire-hathaway

Occidental Petroleum (OXY) Closes Sale of Chemical Business to Berkshire Hathaway

Occidental Petroleum Corporation (OXY) has completed the sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion, a strategic step to reduce its debt burden, especially after its $12 billion CrownRock acquisition. While the divestment will help Occidental achieve its debt reduction target, the absence of OxyChem, which contributed significantly to its pre-tax income, will be felt. Berkshire Hathaway, already a major investor in OXY, continues to increase its stake, now owning 27% of the company's outstanding shares.

https://www.insidermonkey.com/blog/occidental-petroleum-oxy-closes-sale-of-chemical-business-to-berkshire-hathaway-1670938/

Murphy Oil Corporation achieves appraisal success at Hai Su Vang oil field

Murphy Oil Corporation's subsidiary successfully drilled an appraisal well (HSV-2X) at the Hai Su Vang field in Vietnam's Cuu Long Basin, confirming it as a significant discovery. The well encountered 131m of net oil pay across two reservoirs and produced high-quality, 37-degree API oil at 6,000 barrels per day during flow testing. This success significantly strengthens the commerciality of the field, leading to an updated midpoint of recoverable resources towards the high end of Murphy's previous estimates.

https://vir.com.vn/murphy-oil-corporation-achieves-appraisal-success-at-hai-su-vang-oil-field-144306.html

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Occidental Petroleum Corporation Price History

08.00.2026 - OXY Stock was up 5.0%

• OXY's bullish movement is linked to the recent sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion. The sale was aimed at reducing Occidental's debt and improving its balance sheet, which has had a positive impact on investor confidence.
• The divestment of OxyChem allows Occidental to concentrate on its core oil and gas operations, particularly in the Permian Basin, Gulf of America waterfloods, and the Baqiyah gas and condensate discovery in Oman, leading to a more streamlined business model.
• Despite concerns about the absence of OxyChem, Berkshire Hathaway's increased ownership of OXY shares (now 27%) indicates confidence in Occidental's future growth prospects.
• Occidental's focus on debt reduction, core operations, and high-return opportunities, combined with its trading position above the 50-day simple moving average, positions the company well in the market amidst challenges like volatile commodity prices and declining earnings estimates.

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.

05.00.2026 - OXY Stock was down 5.5%

• OXY stock plummeted following the completion of the $9.7 billion sale of its OxyChem unit to Berkshire Hathaway. This move, aimed at streamlining operations, has raised concerns among investors about the company's future strategies and how it will utilize the cash from the sale.
• The bearish trend may also be influenced by the lingering uncertainties surrounding oil prices, as highlighted by the volatile nature of the industry and mixed analyst sentiments towards Occidental Petroleum.
• While OXY's divestment strategy could potentially strengthen its balance sheet, the market seems cautious about the company's ability to navigate through the challenges posed by fluctuating oil prices and the need to address leverage concerns.
• The overall market sentiment towards OXY appears to be impacted by the broader context of geopolitical events, such as the potential shifts in U.S. policy towards Venezuela's oil sector and the implications of OPEC+ meetings on global oil supply dynamics.

09.00.2026 - OXY Stock was up 5.1%

• The recent bullish movement in OXY's stock may be linked to the successful sale of its chemical business, OxyChem, to Berkshire Hathaway for $9.7 billion. This sale is part of Occidental's strategy to cut its significant debt and prioritize its core oil and gas activities.
• Market sentiment appears positive towards Occidental as it aims to strengthen its financial position, increase shareholder returns, and invest in profitable projects in key regions like Permian, Gulf of America, and Baqiyah gas and condensate discovery in Oman.
• Investors are showing confidence in Occidental's plan to reduce debt and concentrate on lucrative ventures, which is leading to a more optimistic outlook on the company's future financial performance.

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.

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.

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.

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.

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.

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.

11.10.2025 - OXY Stock was up 5.4%

• OXY stock experienced a strong bullish movement today, possibly driven by positive investor sentiment and anticipation ahead of the company's third-quarter earnings release.
• Analysts are expecting lower Q3 earnings for Occidental Petroleum compared to the year-ago period, which could have initially dampened market expectations.
• Despite the anticipated lower earnings, OXY's stock performance may have been boosted by the company's strong historical performance, outperforming the market by 15.05% annually over the past 5 years.
• Investors might be optimistic about Occidental Petroleum's potential to navigate challenges such as lower sales and profits in the current market environment, especially with a focus on debt reduction gains and operational improvements.