Occidental Petroleum (OXY)
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Price chart
Why is OXY moving today?
+0.3%OXY is +0.3% today, inside the ordinary range for a session (under 3%). No stories about it reached the feed in the last 24 hours.
What this does not prove. A story on the same day is evidence of timing, not of cause: it explains a move only if it accounts for the size and the direction, and most single-stock moves carry a sector or index component too. Nothing here is a forecast.
Source: Yahoo Finance - quote as of just now
Occidental Petroleum (OXY) overview
Occidental Petroleum is a large oil and gas producer with chemicals and carbon-capture operations.
OXY is a member of the S&P 500. It sits in the Energy sector. That sector covers oil, gas and energy-equipment companies sensitive to commodity prices.
Occidental Petroleum trades on the NYSE under the ticker symbol OXY. The most recent market data puts the share price at about $60.87. That is up 0.33% on the session. At that price the company is worth roughly $60.85B.
Over the past 52 weeks, OXY has traded between $38.80 and $67.45. Shares change hands at a trailing price-to-earnings (P/E) ratio of about 17.3. The P/E ratio sets the share price against a year of earnings. A higher number means the market is paying more for each dollar the company earns. OXY also pays a dividend. It yields around 1.85% at the current price.
Key statistics
Source: Yahoo Finance - quote as of just now
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
Why investors watch OXY
OXY is one of the larger names in the Energy sector, so investors follow it closely. It tends to move with the rest of the sector. This page sums up each OXY story as it breaks, and tags it bullish, bearish or neutral.
What moves OXY
- Earnings. OXY reports results four times a year. A surprise against the estimate tends to move the stock that day.
- Analyst calls. Upgrades, downgrades and new price targets change what the market expects from OXY.
- Sector news. Energy stocks often move together, so a rival's news can move OXY too.
Market Mood
Latest OXY news
Street Calls of the Week: Five Analyst Upgrades From T-Mobile to Toll Brothers
This week's street calls feature five analyst upgrades. BofA Securities upgraded T-Mobile US (TMUS) to Buy with a $220 target, citing insulation from satellite threats and strong urban pricing power. Deutsche Bank upgraded First Solar (FSLR) to Buy at $272 after a 27% decline it views as deeply mispriced, and Evercore raised Occidental Petroleum (OXY) to Outperform with a $65 target on its de-levered balance sheet. Mizuho upgraded Five Below (FIVE) to Outperform at $220 on stickier customer retention, and Citi upgraded Toll Brothers (TOL) to Buy with a $176 target as the only pure-play public luxury homebuilder. For ordinary investors, these calls flag where Wall Street currently sees mispriced entry points.
Read More: Street Calls of the Week: Five Analyst Upgrades From T-Mobile to Toll Brothers
Occidental Petroleum (OXY) Stock Surges Amid Market Trends
Occidental Petroleum (OXY) has experienced a notable increase in stock price due to recent market fluctuations and positive investor sentiment. Specific trading volume or percentage changes were not provided in the article. As oil prices stabilize, companies in the energy sector, including OXY, could see improved profitability. For ordinary investors, this surge in OXY's stock highlights the potential for gains with energy investments amid overall market trends.
Read More: Occidental Petroleum (OXY) Stock Surges Amid Market Trends
Berkshire Hathaway Updates Energy Portfolio with Chevron (CVX), Oxy (OXY)
As of the end of Q1, Berkshire Hathaway's (BRKA, BRKB) portfolio included Chevron (CVX) at 6.6% and Occidental Petroleum (OXY) at 6.5%. A recent 13F filing indicated that Berkshire sold approximately 45.7 million shares of Chevron, reducing its holdings from 7.2% to 6.6%. Occidental's position rose primarily due to stock price increases, even though no new shares were purchased. Currently, CVX accounts for about 5% and OXY for 4.6% of the portfolio, reflecting volatility in the energy sector largely influenced by geopolitical factors.
Read More: Berkshire Hathaway Updates Energy Portfolio with Chevron (CVX), Oxy (OXY)
Occidental Petroleum (OXY) Market Value Hits $56 Billion Amid Debt Cuts
Occidental Petroleum (OXY) recently achieved a market value of $56 billion. The company has repaid $7.1 billion of principal debt as of May 5, reducing total principal debt to $13.3 billion, moving toward a $10 billion debt milestone. OXY reported a forward-looking P/E ratio of 12.6, which is below its five-year average of 13.1. Year-to-date, the stock is up over 37%, indicating significant performance improvement despite warnings of potential volatility due to geopolitical factors impacting oil prices.
Read More: Occidental Petroleum (OXY) Market Value Hits $56 Billion Amid Debt Cuts
Occidental Petroleum (OXY) Market Predictions and Geopolitical Factors
Occidental Petroleum (OXY) is navigating significant geopolitical tensions affecting oil markets. Current oil prices are fluctuating, impacting production and profitability. As of recent trading sessions, OXY has experienced a trading volume of 5 million shares, highlighting investor interest. Analysts project that changes in geopolitical stability could lead to a potential price target of $80 per share in 12 months. This forecast reflects potential supply chain disruptions and market reactions to international events.
Read More: Occidental Petroleum (OXY) Market Predictions and Geopolitical Factors
Occidental Petroleum (OXY): Buy, Sell, or Hold Analysis
Occidental Petroleum (OXY) remains a focal point for investors evaluating potential buy, sell, or hold positions. The latest figures from the company indicate fluctuations in stock performance, alongside varying analyst ratings. Specific metrics such as P/E ratios and trading volumes are critical for assessing market prospects. Understanding these indicators helps investors make informed decisions regarding OXY’s future value in the energy sector.
Read More: Occidental Petroleum (OXY): Buy, Sell, or Hold Analysis
Constellation Brands (STZ) Leads Premarket Stocks Ahead of Earnings
Constellation Brands (STZ) is highlighted among stocks making significant moves in premarket trading. Market participants are focusing on the upcoming earnings report, which could impact STZ's stock price. Notably, stocks like Datadog (DDOG) and Occidental Petroleum (OXY) are also drawing attention. The premarket volatility indicates potential fluctuations during regular trading hours, influencing market sentiment across sectors.
Read More: Constellation Brands (STZ) Leads Premarket Stocks Ahead of Earnings
Wells Fargo Upgrades Occidental Petroleum on Growth Prospects and Efficiency
Wells Fargo has issued a double upgrade for Occidental Petroleum (OXY), projecting a 24% increase in share value due to improved capital efficiency and enhanced productivity in the Permian Basin. This upgrade highlights the potential for the oil and gas industry to recover, which could influence market confidence and investment flows. Key metrics indicate strengthened operational performance, which may attract investors looking for growth in energy stocks. The upgrade is expected to have a positive effect on Occidental's market position and stock performance.
Read More: Wells Fargo Upgrades Occidental Petroleum on Growth Prospects and EfficiencyMore Energy stocks
Frequently asked questions
Is Occidental Petroleum in the S&P 500?
Yes. Occidental Petroleum trades as OXY and is a member of the S&P 500. The index lists it in the Energy sector.
What sector is OXY in?
OXY sits in the Energy sector of the S&P 500.
Where can I find the latest OXY news?
Right here. This page collects recent OXY news and market analysis. Every story gets an AI summary and a bullish, bearish or neutral tag.
What is Occidental Petroleum's stock price?
OXY last traded at about $60.87. Prices move all through the session, so this is the latest quote rather than a live one.
What is Occidental Petroleum's market cap?
OXY is worth roughly $60.85B. Market cap is the share price times the number of shares outstanding.
What is OXY's P/E ratio?
OXY trades at a trailing P/E ratio of about 17.3. The ratio compares the share price with earnings per share over the past year.