Occidental Petroleum consensus holds steady, analysts trim price targets on the shares

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-25, 16:03.

Occidental Petroleum (US6745991058) carries a Hold consensus from Wall Street as its shares trade on the NYSE around the low-50-dollar range. The S&P 500 member remains under close watch after recent analyst price target cuts, including a move by Truist Securities.

What the analyst data shows

According to aggregated data, 26 analysts currently cover Occidental Petroleum, with a consensus rating of Hold and a consensus price target of about 63.74 dollars per share. The implied upside from the latest spot price is cited at roughly 25 percent, reflecting a cautious but constructive stance from the sell-side.

The rating distribution is skewed toward neutral views, with 16 Hold ratings, 9 Buy ratings and 1 Sell rating reported in the latest tally. No Strong Buy or Strong Sell recommendations are listed, underscoring the muted conviction level on the stock despite the forecasted upside.

Truist Securities and other recent moves

One notable recent change comes from Truist Securities, where analyst Gabe Daoud maintained a Hold rating on Occidental Petroleum but lowered the price target from 65 to 57 dollars. The adjustment points to a more cautious view on valuation while keeping the overall stance unchanged. A Hold recommendation combined with a trimmed target can signal expectations for range-bound trading rather than a marked re-rating in the near term.

Other consensus data sets broadly align with this picture, showing the shares trading around 51 dollars, below the average target but without a dominant Sell call from the analyst community. For investors, this pattern means the stock sits in a zone where upside exists on paper, yet the street is reluctant to upgrade en masse to more bullish ratings.

The business behind the stock

Occidental Petroleum generates its cash flows primarily from oil and gas exploration and production activities, focused on key basins such as the Permian in the United States. The company also operates a midstream and marketing segment that handles transportation, storage and sale of hydrocarbons, plus a chemicals business through OxyChem that produces basic chemicals and vinyls.

Where the shares trade today

Occidental Petroleum shares (US6745991058) trade on the NYSE under the ticker OXY and recently changed hands around 51.07 dollars per share, based on late trading data. The price level reflects a roughly 11 percent decline over the past 30 days, according to TrendSpider statistics.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, investment recommendation or an offer or solicitation to buy or sell any financial instrument. All data are based on sources deemed reliable at the time of review but may change without notice.