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

What is Occidental Petroleum Corporation?

Occidental Petroleum Corporation (OXY) is a multinational oil and gas exploration and production company headquartered in the United States. OXY is involved in various activities, including oil and gas exploration, production, and marketing.

Why is Occidental Petroleum Corporation going up?

OXY stock is up 5.1% on Mar 11, 2026 17:20

• Experienced a bearish movement, trading down 2.89% on March 10.
• The revised earnings outlook by a key industry player due to Middle East disruptions likely impacted the overall sentiment in the oil and gas sector, including OXY.
• Victory Capital Management Inc. reducing its stake in OXY may have added selling pressure on the stock.
• The negative market movement could also be influenced by broader factors such as crude oil price volatility and analyst forecasts suggesting a slight downside for OXY's stock.

OXY Price Chart

OXY Technical Analysis

OXY News

SLB cuts Q1 earnings outlook on Middle East disruptions

SLB (NYSE:SLB) has announced a revised first-quarter earnings outlook, expecting a decline of 6-9 cents per diluted share due to operational disruptions in the Middle East. The oilfield services company has suspended travel and demobilized operations in several countries to ensure the safety of its personnel and facilities. Despite these near-term challenges, SLB remains profitable and is confident in its global business resilience, planning a phased resumption of activities when the situation stabilizes.

https://www.investing.com/news/company-news/slb-cuts-q1-earnings-outlook-on-middle-east-disruptions-93CH-4554358

Victory Capital Management Inc. Has $18.43 Million Stock Position in Occidental Petroleum Corporation $OXY

Victory Capital Management Inc. reduced its stake in Occidental Petroleum Corporation by 5.1% in the third quarter, reducing its holdings to 390,139 shares valued at $18.43 million. Other institutional investors like Vanguard Group and Geode Capital Management increased their positions. The article also provides financial performance data, details on a recent dividend increase, and discusses various factors impacting Occidental Petroleum's stock, including short interest, options activity, and crude oil price volatility.

https://www.marketbeat.com/instant-alerts/filing-victory-capital-management-inc-has-1843-million-stock-position-in-occidental-petroleum-corporation-oxy-2026-03-11/

$1.9B Diamondback Energy stock sale by major holder priced

Diamondback Energy (NASDAQ: FANG) announced the pricing of a secondary offering of 11,000,000 common shares by SGF FANG Holdings, LP, generating gross proceeds of approximately $1.9 billion for the selling stockholder. Diamondback itself will not receive any proceeds from this sale. The offering is expected to close on March 12, 2026, with Evercore ISI, Citigroup, and J.P. Morgan acting as joint book-running managers.

https://www.stocktitan.net/news/FANG/diamondback-energy-announces-pricing-of-secondary-common-stock-9d445bbitv4o.html

EQT moves to cut debt with $1.15B bond buyback and 2027 redemption

EQT Corporation has initiated a cash tender offer to repurchase up to $1.15 billion of its senior notes, aiming to reduce its overall principal debt. The offer includes sub-caps for specific note series and an early tender premium to encourage prompt participation. EQT also plans to redeem its outstanding 6.500% Senior Notes due 2027 on March 26, 2026.

https://www.stocktitan.net/news/EQT/eqt-commences-tender-offer-for-certain-senior-notes-up-to-1-15-5are249vacis.html

Occidental Petroleum Corp (OXY) Trading Down 2.89% on Mar 10

Occidental Petroleum Corp (OXY) shares fell 2.89% on March 10, trading at $53.43 after reaching a low of $52.77. The stock is 5.17% below its 52-week high and 53.60% above its 52-week low. Analyst forecasts suggest an average target of $52.60, implying a slight downside, while GuruFocus estimates a fair value of $43.41.

https://www.gurufocus.com/news/8695190/occidental-petroleum-corp-oxy-trading-down-289-on-mar-10

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Occidental Petroleum Corporation Price History

29.00.2026 - OXY Stock was up 1.6%

• An increased stake by Gifford Fong Associates and insider buying by William R. Klesse indicate confidence in OXY's future, which could boost investor sentiment.
• Despite some analysts downgrading the stock and an uptick in short interest, OXY's strong historical returns and move towards profitability have attracted long-term investors, who see the recent bullish movement as a buying opportunity.
• Exxon Mobil's commercial CCS project in Louisiana may have positively impacted the energy sector sentiment, indirectly benefiting OXY through its industry presence and potential environmental initiatives.
• Differing perspectives on OXY's stock, with institutional ownership and insider buying contrasting with increased short interest, mirror the mixed market sentiment and ongoing debate surrounding the company's future performance.

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.

12.01.2026 - OXY Stock was down 5.4%

• Occidental Petroleum sold its OxyChem chemicals business to Berkshire Hathaway to prioritize debt reduction and streamline its operations, showcasing a shift towards a more focused energy company. This move may have sparked concerns among investors regarding the company's future growth potential.
• The restructuring of a Delaware Basin contract to a fixed-fee model demonstrates the company's efforts to reduce costs and enhance flexibility amid a challenging market environment, potentially raising uncertainties about its revenue streams.
• Analysts' anticipation of Occidental Petroleum's Q4 2025 earnings decline, with projections of lower earnings and revenue, likely contributed to the bearish sentiment as investors prepared for disappointing financial results.
• The overall market movement seemed to be influenced by a combination of Occidental Petroleum's strategic decisions, earnings outlook, and broader industry trends, leading to a bearish sentiment among investors.

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.

19.01.2026 - OXY Stock was up 10.5%

• Occidental Petroleum's stock experienced a strong bullish movement today, rising by approximately 6%.
• The positive market movement can be attributed to better-than-expected fourth-quarter earnings, indicating that OXY's financial performance exceeded market expectations.
• Additionally, the initiation of cash tender offers for specific senior notes and debentures could have contributed to investor confidence in the company's financial stability and strategic planning.
• The technical breakout setup identified further reinforces the positive sentiment surrounding OXY, suggesting a potential uptrend continuation with a breakout above resistance levels.

19.01.2026 - OXY Stock was up 8.8%

• Occidental Petroleum's stock surged significantly after reporting better-than-expected Q4 earnings, with adjusted EPS surpassing market consensus. This positive performance was driven by operational efficiency, cost management, and the strategic sale of OxyChem, strengthening the company's financial position.
• The announcement of a dividend increase, substantial debt reduction, and a lower-than-expected capital expenditure outlook for 2026 further boosted investor confidence and free cash flow expectations, contributing to the bullish movement.
• The initiation of cash tender offers for specific notes and debentures, funded by recent proceeds from asset sales, also signaled Occidental's commitment to debt reduction and optimizing its capital structure, which likely resonated well with investors.
• Technical analysis pointing towards a potential breakout setup for OXY, based on strong technical health and setup quality scores, added to the positive sentiment surrounding the stock, attracting traders looking for opportunities in the current market environment.

11.02.2026 - OXY Stock was up 5.1%

• Experienced a bearish movement, trading down 2.89% on March 10.
• The revised earnings outlook by a key industry player due to Middle East disruptions likely impacted the overall sentiment in the oil and gas sector, including OXY.
• Victory Capital Management Inc. reducing its stake in OXY may have added selling pressure on the stock.
• The negative market movement could also be influenced by broader factors such as crude oil price volatility and analyst forecasts suggesting a slight downside for OXY's 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.

04.01.2026 - OXY Stock was up 5.0%

• OXY experienced a bullish movement today, likely influenced by the overall positive sentiment in the oil and gas sector.
• Chevron's stock rising despite an HSBC downgrade and stable oil prices could have contributed to a general optimism in the industry, benefiting OXY as well.
• Enterprise Products Partners L.P.'s strong financial performance and future growth prospects in natural gas and NGL production may have boosted confidence in the sector, indirectly impacting OXY's stock positively.
• The potential for sharp oil price appreciation, as discussed in the bullish case theory for Petroleo Brasileiro S.A. Petrobras, could have created a favorable environment for oil-related stocks like OXY to thrive.

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.