Occidental Petroleum (OXY)

• Market cap: $39B
• 1 day: 3.28%
• 5 days: 8.44%
• 1 month: -15.98%
• 3 months: -23.59%
• 6 months: -23.22%
• Year to date: -20.28%
• 1 year: -39.82%
• 5 years: 191.34%
• 10 years: -50.69%
• Sector: Energy
• Industry: Oil & Gas Exploration & Production

About: Occidental Petroleum is an independent exploration and production company with operations in the United States, Latin America, and the Middle East. At the end of 2023, the company reported net proved reserves of nearly 4 billion barrels of oil equivalent. Net production averaged 1,327 thousand barrels of oil equivalent per day in 2024 at a ratio of roughly 50% oil and natural gas liquids and 50% natural gas.

Employees: 13,323

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

11% more first-time investments, than exits

New positions opened: 185 | Existing positions closed: 166

6% more call options, than puts

Call options by funds: $2.16B | Put options by funds: $2.03B

0% less capital invested

Capital invested by funds: $37.1B [Q3] → $37.1B (-$68.3M) [Q4]

0.53% less ownership

Funds ownership: 76.98% [Q3] → 76.45% (-0.53%) [Q4]

1% less funds holding

Funds holding: 1,187 [Q3] → 1,179 (-8) [Q4]

18% less repeat investments, than reductions

Existing positions increased: 377 | Existing positions reduced: 462

27% less funds holding in top 10

Funds holding in top 10: 26 [Q3] → 19 (-7) [Q4]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $38 4% downside
• Avg. target: $50 27% upside
• High target: $64 61% upside

11 analyst ratings

• positive: 3 27%
• neutral: 7 64%
• negative: 1 9%

UBS Josh Silverstein 12% 1-year accuracy 7 / 58 met price target	4% downside $38	Neutral Maintained	16 Apr 2025
Stephens & Co. Mike Scialla 25% 1-year accuracy 13 / 52 met price target	46% upside $58	Overweight Maintained	15 Apr 2025
Scotiabank Paul Cheng 30% 1-year accuracy 11 / 37 met price target	1% upside $40	Sector Perform Downgraded	11 Apr 2025
TD Cowen David Deckelbaum 50% 1-year accuracy 2 / 4 met price target	13% upside $45	Hold Downgraded	8 Apr 2025
Morgan Stanley Devin McDermott 29% 1-year accuracy 8 / 28 met price target	46% upside $58	Overweight Maintained	27 Mar 2025