Morgan Stanley keeps Hold on Occidental Petroleum stock at USD 71 target
Published on 10/23/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and coming dates
- Morgan Stanley set a USD 71.00 target on October 21, 2026.
- Second-quarter revenue reached USD 8.33 billion against USD 6.32 billion a year earlier.
- Occidental Petroleum stock trades at EUR 56.03 at 11:17 a.m. CEST at Lang & Schwarz on October 23, 2026.
- The next earnings release is scheduled for November 9, 2026.
Occidental Petroleum (ISIN US6745991058) trades at EUR 56.03 at Lang & Schwarz on October 23, 2026 at 11:17 a.m. CEST. Markets Insider reported on October 21, 2026 that Morgan Stanley kept a Hold rating and set a USD 71.00 price target.
Morgan Stanley holds at USD 71
The analyst view leaves the target above the reported US share price while retaining a cautious rating. Morgan Stanley analyst Devin McDermott set the USD 71.00 target without changing the Hold stance, according to the October 21 report.
The latest analyst actions remain mixed. MarketBeat reported on October 15, 2026 that Truist Financial raised its target from USD 63.00 to USD 64.00 while keeping a Hold rating. The same report cited 12 Buy ratings and 15 Hold ratings.
What did the second quarter show?
Occidental Petroleum reported USD 8.33 billion in revenue for the second quarter of 2026, versus USD 6.32 billion in the same quarter a year earlier. Net profit reached USD 2.98 billion, compared with USD 431.00 million in the prior-year quarter, according to Markets Insider on October 21, 2026.
Three recent company milestones
MarketScreener listed three recent developments: Occidental reported third-quarter operating results on October 13, 2026, with oil representing 48.80 percent of production; Roth Capital upgraded the stock to Buy at a USD 70.00 target on October 19, 2026; and Morgan Stanley set its USD 71.00 target on October 21, 2026.
Upcoming reporting date
MarketScreener lists November 9, 2026 as the next earnings release date for the third quarter of 2026. That date gives investors the next scheduled test of production, revenue and earnings trends.
Stock price in euros
Occidental Petroleum was trading at EUR 56.03 at Lang & Schwarz on October 23, 2026 at 11:17 a.m. CEST. The company had a USD 62.5 billion market capitalization and a USD 38.80 to USD 67.45 52-week range based on October 22, 2026 market data. The stock is listed on the NYSE under ticker OXY.
The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Occidental Petroleum stock facts
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 23, 2026, 11:17 a.m. CEST): EUR 56.03
- Market capitalization: USD 62.5 billion (as of October 22, 2026)
- 52-week range: USD 38.80-USD 67.45 (as of October 22, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 9, 2026
Market context: Market report S&P 500.
