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

A number of firms have modified their ratings and price targets on shares of Occidental Petroleum (NYSE: OXY) recently:

• 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.
• 7/8/2026 – Occidental Petroleum was upgraded by Evercore Inc from “in-line” to “outperform”. They now have a $65.00 price target on the stock.
• 6/30/2026 – Occidental Petroleum had its price target lowered by The Goldman Sachs Group, Inc. from $64.00 to $60.00. They now have a “neutral” rating on the stock.
• 6/26/2026 – Occidental Petroleum had its price target lowered by Morgan Stanley from $74.00 to $68.00. They now have an “equal weight” rating on the stock.
• 6/23/2026 – Occidental Petroleum was downgraded by Weiss Ratings from “hold (c+)” to “hold (c)”.
• 6/22/2026 – Occidental Petroleum was downgraded by Zacks Research from “strong-buy” to “hold”.

Occidental Petroleum Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.28 per share. This is a boost from Occidental Petroleum’s previous quarterly dividend of $0.26. This represents a $1.12 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 10th. Occidental Petroleum’s dividend payout ratio is presently 17.34%.

Insider Buying and Selling

In related news, CEO Richard A. Jackson acquired 4,770 shares of the firm’s stock in a transaction dated Tuesday, June 23rd. The shares were purchased at an average price of $52.38 per share, with a total value of $249,852.60. Following the completion of the purchase, the chief executive officer directly owned 444,098 shares of the company’s stock, valued at $23,261,853.24. This represents a 1.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by 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.