Weekly Investment Analysts’ Ratings Changes for Occidental Petroleum (OXY)

Occidental Petroleum (NYSE: OXY) recently received a number of ratings updates from brokerages and research firms:

• 4/22/2026 – Occidental Petroleum had its price target raised by Scotiabank from $46.00 to $57.00. They now have a “sector perform” rating on the stock.
• 4/21/2026 – Occidental Petroleum had its price target raised by Susquehanna from $60.00 to $67.00. They now have a “positive” rating on the stock.
• 4/17/2026 – Occidental Petroleum had its price target lowered by Citigroup Inc. from $67.00 to $62.00. They now have a “neutral” rating on the stock.
• 4/15/2026 – Occidental Petroleum had its price target raised by Roth Mkm from $45.00 to $55.00. They now have a “neutral” rating on the stock.
• 4/13/2026 – Occidental Petroleum had its price target lowered by Capital One Financial Corporation from $69.00 to $67.00. They now have an “equal weight” rating on the stock.
• 4/13/2026 – Occidental Petroleum had its price target raised by UBS Group AG from $64.00 to $67.00. They now have a “neutral” rating on the stock.
• 4/13/2026 – Occidental Petroleum had its price target raised by JPMorgan Chase & Co. from $63.00 to $64.00. They now have a “neutral” rating on the stock.
• 4/13/2026 – Occidental Petroleum had its price target raised by Jefferies Financial Group Inc. from $47.00 to $58.00. They now have a “hold” rating on the stock.
• 4/9/2026 – Occidental Petroleum had its price target raised by Wells Fargo & Company from $69.00 to $72.00. They now have an “overweight” rating on the stock.
• 4/7/2026 – Occidental Petroleum had its price target raised by BMO Capital Markets from $60.00 to $65.00. They now have a “market perform” rating on the stock.
• 4/6/2026 – Occidental Petroleum had its price target raised by Wolfe Research from $67.00 to $70.00. They now have an “outperform” rating on the stock.
• 3/31/2026 – Occidental Petroleum was upgraded by Zacks Research from “hold” to “strong-buy”.
• 3/31/2026 – Occidental Petroleum had its price target raised by Stephens from $59.00 to $74.00. They now have an “overweight” rating on the stock.
• 3/30/2026 – Occidental Petroleum had its price target raised by Citigroup Inc. from $45.00 to $67.00. They now have a “neutral” rating on the stock.
• 3/27/2026 – Occidental Petroleum had its price target raised by Morgan Stanley from $53.00 to $73.00. They now have an “equal weight” rating on the stock.
• 3/27/2026 – Occidental Petroleum was upgraded by Scotiabank to “hold”.
• 3/26/2026 – Occidental Petroleum had its price target raised by Capital One Financial Corporation from $56.00 to $69.00. They now have an “equal weight” rating on the stock.
• 3/24/2026 – Occidental Petroleum is now covered by Truist Financial Corporation. They set a “hold” rating and a $65.00 price target on the stock.
• 3/20/2026 – Occidental Petroleum was upgraded by JPMorgan Chase & Co. from “underweight” to “neutral”. They now have a $63.00 price target on the stock.
• 3/20/2026 – Occidental Petroleum had its price target raised by HSBC Holdings plc from $59.00 to $68.00. They now have a “buy” rating on the stock.
• 3/17/2026 – Occidental Petroleum had its price target raised by Mizuho from $67.00 to $72.00. They now have an “outperform” rating on the stock.
• 3/16/2026 – Occidental Petroleum had its price target raised by Barclays PLC from $55.00 to $59.00. They now have an “equal weight” rating on the stock.
• 3/12/2026 – Occidental Petroleum was upgraded by Wells Fargo & Company from “underweight” to “overweight”. They now have a $69.00 price target on the stock, up from $47.00.
• 3/12/2026 – Occidental Petroleum was upgraded by Piper Sandler from “neutral” to “overweight”. They now have a $66.00 price target on the stock, up from $54.00.
• 3/11/2026 – Occidental Petroleum had its price target raised by The Goldman Sachs Group, Inc. from $41.00 to $54.00. They now have a “sell” rating on the stock.
• 3/9/2026 – Occidental Petroleum was upgraded by Weiss Ratings from “sell (d+)” to “hold (c-)”.
• 3/5/2026 – Occidental Petroleum had its price target raised by Piper Sandler from $47.00 to $54.00. They now have a “neutral” rating on the stock.
• 3/5/2026 – Occidental Petroleum had its price target raised by UBS Group AG from $49.00 to $55.00. They now have a “neutral” rating on the stock.
• 3/2/2026 – Occidental Petroleum was upgraded by Zacks Research from “strong sell” to “hold”.
• 2/28/2026 – Occidental Petroleum was upgraded by Wall Street Zen from “sell” to “hold”.
• 2/27/2026 – Occidental Petroleum was upgraded by Argus to “hold”.

Occidental Petroleum Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 10th were issued a $0.26 dividend. The ex-dividend date of this dividend was Tuesday, March 10th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.8%. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.24. Occidental Petroleum’s dividend payout ratio (DPR) is 64.60%.

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.