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

Several analysts have recently updated their ratings and price targets for Occidental Petroleum (NYSE: OXY):

• 2/23/2026 – Occidental Petroleum had its price target raised by analysts at BMO Capital Markets from $48.00 to $60.00. They now have a “market perform” rating on the stock.
• 2/23/2026 – Occidental Petroleum had its price target raised by analysts at Barclays PLC from $50.00 to $55.00. They now have an “equal weight” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at JPMorgan Chase & Co. from $42.00 to $49.00. They now have an “underweight” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at HSBC Holdings plc from $54.00 to $59.00. They now have a “buy” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at Roth Mkm from $39.00 to $45.00. They now have a “neutral” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at Wells Fargo & Company from $40.00 to $47.00. They now have an “underweight” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at UBS Group AG from $43.00 to $49.00. They now have a “neutral” rating on the stock.
• 2/20/2026 – Occidental Petroleum had its price target raised by analysts at Susquehanna from $51.00 to $60.00. They now have a “positive” rating on the stock.
• 2/19/2026 – Occidental Petroleum was downgraded by analysts at Weiss Ratings from a “hold (c-)” rating to a “sell (d+)” rating.
• 2/9/2026 – Occidental Petroleum was upgraded by analysts at TD Cowen to a “hold” rating.
• 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.
• 1/27/2026 – Occidental Petroleum had its price target raised by analysts at Bank of America Corporation from $44.00 to $45.00.
• 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.

Occidental Petroleum Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 10th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 2.0%. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.24. The ex-dividend date is Tuesday, March 10th. Occidental Petroleum’s dividend payout ratio (DPR) is presently 59.63%.

Insider Activity

In other Occidental Petroleum news, Director William R. Klesse purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 16th. The shares were bought at an average price of $38.98 per share, for a total transaction of $194,900.00. Following the completion of the acquisition, the director owned 218,913 shares in the company, valued at approximately $8,533,228.74. This trade represents a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.49% of the stock is owned by corporate insiders.

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.