Occidental Petroleum (OXY)

• Market cap: $47.3B
• 1 day: -3.21%
• 5 days: 4.54%
• 1 month: -0.26%
• 3 months: -2.17%
• 6 months: -10.00%
• Year to date: 1.22%
• 1 year: -16.62%
• 5 years: 19.71%
• 10 years: -36.82%
• Sector: Energy
• Industry: Crude Petroleum & Natural Gas

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 filings by fund managers ($100M+ AUM)

6% more call options, than puts

Call options by funds: $2.15B | Put options by funds: $2.03B

4% more first-time investments, than exits

New positions opened: 168 | Existing positions closed: 161

1% less capital invested

Capital invested by funds: $37.4B [Q3] → $37B (-$367M) [Q4]

1.16% less ownership

Funds ownership: 77.47% [Q3] → 76.3% (-1.16%) [Q4]

4% less funds holding

Funds holding: 1,184 [Q3] → 1,134 (-50) [Q4]

19% less repeat investments, than reductions

Existing positions increased: 366 | Existing positions reduced: 450

24% less funds holding in top 10

Funds holding in top 10: 25 [Q3] → 19 (-6) [Q4]

Research analyst outlook

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

• Low target: $45 11% downside
• Avg. target: $57 14% upside
• High target: $71 41% upside

8 analyst ratings

• positive: 1 13%
• neutral: 6 75%
• negative: 1 13%

UBS Josh Silverstein 49% 1-year accuracy 25 / 51 met price target	11% upside $56	Neutral Maintained	20 Feb 2025
Wells Fargo Roger Read 39% 1-year accuracy 43 / 109 met price target	3% upside $52	Equal-Weight Maintained	20 Feb 2025
Stephens & Co. Mike Scialla 51% 1-year accuracy 19 / 37 met price target	41% upside $71	Overweight Reiterated	19 Feb 2025
Goldman Sachs Neil Mehta 49% 1-year accuracy 31 / 63 met price target	11% downside $45	Sell Downgraded	31 Jan 2025
Truist Securities Neal Dingmann 41% 1-year accuracy 63 / 153 met price target	15% upside $58	Hold Maintained	13 Jan 2025