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

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

• 9/10/2026 – Occidental Petroleum is now covered by Stifel Nicolaus. They set a “hold” rating and a $68.00 price target on the stock.
• 9/3/2026 – Occidental Petroleum is now covered by Seaport Research Partners. They set a “buy” rating and a $73.00 price target on the stock.
• 9/2/2026 – Occidental Petroleum was upgraded by Seaport Research Partners to “strong-buy”.
• 8/25/2026 – Occidental Petroleum was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 8/17/2026 – Occidental Petroleum had its price target lowered by Barclays PLC from $75.00 to $71.00. They now have an “overweight” rating on the stock.
• 8/11/2026 – Occidental Petroleum was upgraded by Weiss Ratings from “hold (c)” to “hold (c+)”.
• 8/11/2026 – Occidental Petroleum had its price target raised by Susquehanna from $67.00 to $70.00. They now have a “positive” rating on the stock.
• 8/10/2026 – Occidental Petroleum had its price target raised by Truist Financial Corporation from $57.00 to $63.00. They now have a “hold” rating on the stock.
• 8/8/2026 – Occidental Petroleum was upgraded by Wall Street Zen from “hold” to “buy”.
• 8/7/2026 – Occidental Petroleum had its price target raised by Wells Fargo & Company from $72.00 to $79.00. They now have an “overweight” rating on the stock.
• 8/6/2026 – Occidental Petroleum had its price target raised by Barclays PLC from $72.00 to $75.00. They now have an “overweight” rating on the stock.
• 7/17/2026 – Occidental Petroleum had its price target lowered by Citigroup Inc. from $62.00 to $60.00. They now have a “neutral” rating on the stock.
• 7/14/2026 – Occidental Petroleum had its price target lowered by Stephens from $73.00 to $69.00. They now have an “overweight” rating on the stock.

Occidental Petroleum Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 10th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Thursday, September 10th. This is an increase from Occidental Petroleum’s previous quarterly dividend of $0.26. Occidental Petroleum’s payout ratio is presently 16.10%.

Insider Buying and Selling at Occidental Petroleum

In related news, CEO Richard Jackson purchased 4,770 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were acquired at an average cost of $52.38 per share, with a total value of $249,852.60. Following the purchase, the chief executive officer directly owned 444,098 shares in the company, valued at $23,261,853.24. This trade represents a 1.09% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.50% of the stock is currently owned by company insiders.

Occidental Petroleum Corporation is an energy company engaged in the exploration, development and production of oil and natural gas. Its operations are concentrated primarily in the United States, including the Permian and DJ basins, and it also has international activities in regions such as the Middle East and North Africa.

The company operates through oil and gas, chemical and midstream and marketing businesses. Its chemical segment, OxyChem, manufactures and markets chlor-alkali products, vinyls and other basic chemicals used in water treatment, construction, industrial manufacturing and consumer products.