Research Analysts’ Recent Ratings Updates for Occidental Petroleum (OXY)

A number of firms have modified their ratings and price targets on shares of Occidental Petroleum (NYSE: OXY) recently:

• 1/28/2026 – Occidental Petroleum had its price target raised by analysts at Piper Sandler from $46.00 to $47.00. They now have a “neutral” rating on the stock.
• 1/26/2026 – Occidental Petroleum was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating.
• 1/26/2026 – Occidental Petroleum had its price target lowered by analysts at Susquehanna from $55.00 to $51.00. They now have a “positive” rating on the stock.
• 1/23/2026 – Occidental Petroleum had its price target lowered by analysts at Morgan Stanley from $51.00 to $50.00. They now have an “overweight” rating on the stock.
• 1/22/2026 – Occidental Petroleum had its “hold (c-)” rating reaffirmed by analysts at Weiss Ratings.
• 1/22/2026 – Occidental Petroleum had its price target lowered by analysts at The Goldman Sachs Group, Inc. from $43.00 to $41.00. They now have a “sell” rating on the stock.
• 1/21/2026 – Occidental Petroleum had its price target lowered by analysts at Wolfe Research from $55.00 to $54.00. They now have an “outperform” rating on the stock.
• 1/21/2026 – Occidental Petroleum is now covered by analysts at Barclays PLC. They set an “equal weight” rating on the stock.
• 1/20/2026 – Occidental Petroleum had its price target lowered by analysts at Jefferies Financial Group Inc. from $44.00 to $42.00. They now have a “hold” rating on the stock.
• 1/20/2026 – Occidental Petroleum had its price target lowered by analysts at JPMorgan Chase & Co. from $44.00 to $42.00. They now have an “underweight” rating on the stock.
• 1/16/2026 – Occidental Petroleum had its price target lowered by analysts at Scotiabank from $47.00 to $46.00. They now have a “sector perform” rating on the stock.
• 1/12/2026 – Occidental Petroleum had its price target lowered by analysts at BMO Capital Markets from $50.00 to $48.00. They now have a “market perform” rating on the stock.
• 1/11/2026 – Occidental Petroleum was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating.
• 1/3/2026 – Occidental Petroleum was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating.
• 12/12/2025 – Occidental Petroleum had its price target lowered by analysts at UBS Group AG from $45.00 to $43.00. They now have a “neutral” rating on the stock.
• 12/11/2025 – Occidental Petroleum had its price target lowered by analysts at Bank of America Corporation from $45.00 to $44.00. They now have a “neutral” rating on the stock.
• 12/8/2025 – Occidental Petroleum had its “underweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $44.00 price target on the stock, down previously from $51.00.

Occidental Petroleum Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 10th were issued a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Wednesday, December 10th. Occidental Petroleum’s payout ratio is 70.59%.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was acquired at an average cost of $38.98 per share, with a total value of $194,900.00. Following the acquisition, the director owned 218,913 shares of the company’s stock, valued at approximately $8,533,228.74. This represents a 2.34% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company’s stock.

Occidental Petroleum Corporation (OXY) is an international energy company engaged primarily in the exploration, production and marketing of oil and natural gas. The company conducts upstream activities to discover and produce hydrocarbons and operates complementary midstream and marketing functions to transport and sell its production. Occidental also owns a chemicals business that manufactures and sells industrial chemicals and related products for a range of end markets.

Occidental’s operations are concentrated in the United States, with a significant presence in the Permian Basin, and it maintains exploration and production activities in several international regions, including parts of the Middle East, Latin America and Africa.