UBS raises target for Occidental Petroleum stock to USD 73.00
Published on 10/26/2026 at 17:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSUBS raises Occidental target
- UBS lifted its Occidental Petroleum target from USD 67.00 to USD 73.00 on October 14, 2026.
- Worldwide realized oil reached USD 85.91 per barrel in the third quarter of 2026 versus USD 85.79 for WTI.
- Occidental Petroleum stock costs EUR 57.35 at Lang & Schwarz on October 26, 2026 at 5:11 p.m. CEST, 0.85 percent below the Xetra close of October 23, 2026.
- Occidental Petroleum is scheduled to report third-quarter results on November 9, 2026.
UBS lifted its Occidental Petroleum price target from USD 67.00 to USD 73.00 on October 14, 2026, while retaining a Neutral rating, according to MarketBeat. The target stands 13.99 percent above the USD 64.04 NYSE price at the latest October 26, 2026 quote. At Lang & Schwarz, Occidental Petroleum was trading at EUR 57.35 on October 26, 2026 at 5:11 p.m. CEST, 0.85 percent below the Xetra close of October 23, 2026 at EUR 57.84.
Oil realizations set the operating tone
Occidental's third-quarter 2026 operating picture included worldwide realized oil of USD 85.91 per barrel, compared with average WTI of USD 85.79 per barrel. BOE Report reported that the company disclosed the figures on October 13, 2026. The filing also said production remained within guidance despite temporary Gulf of America curtailments.
The same disclosure put worldwide natural gas realization at USD 1.69 per Mcf and NGL realization at USD 24.63 per barrel for the quarter. Crude oil collar settlements reduced operating cash flow before working capital by USD 94.00 million, adding a separate pressure point to the quarter's operating picture.
Stock remains below the yearly high
The NYSE price of USD 64.04 on October 26, 2026 was below the 52-week high of USD 67.45 and above the 52-week low of USD 38.80. Market capitalization stood at USD 64.0 billion, while the price-to-earnings ratio was 9.86 and the dividend yield was 2.00 percent.
The latest NYSE session data showed a day range of USD 62.68 to USD 64.96 and volume of 2,843,667 shares on October 26, 2026. The current euro quotation therefore sits below its Xetra close even as the home-market valuation remains tied to a price near the upper part of the annual range.
Results date gives the next marker
Occidental Petroleum is scheduled to announce third-quarter results on November 9, 2026 and hold its conference call on November 10, 2026, according to 6ix. The October 13, 2026 filing was an earnings considerations update rather than a complete earnings release, according to the SEC.
What the target means for valuation
The UBS target of USD 73.00 is 13.99 percent above the October 26 NYSE price of USD 64.04. That distance is wider than the 4.88 percent gap between the NYSE price and the USD 67.45 52-week high, leaving the upcoming results as the next concrete test for the analyst view.
Euro price points lower
For investors tracking the German quotation, Occidental Petroleum stood at EUR 57.35 at Lang & Schwarz on October 26, 2026 at 5:11 p.m. CEST, down 0.85 percent versus the Xetra close of October 23, 2026 at EUR 57.84.
The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Occidental Petroleum at a glance
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 26, 2026, 5:11 p.m. CEST): EUR 57.35
- Change versus Xetra close: minus 0.85 percent
- Xetra close (October 23, 2026): EUR 57.84
- Market capitalization: USD 64.0 billion (as of October 26, 2026)
- 52-week range: USD 38.80-67.45 (as of October 26, 2026)
- Sector / Industry: Energy / Oil and gas production
Market context: Market report S&P 500.
