Morgan Stanley lifts target for Occidental Petroleum stock to USD 71.00
Published on 10/16/2026 at 16:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSTarget, valuation and calendar
- Morgan Stanley set a USD 71.00 target from USD 69.00 on October 15, 2026.
- Occidental Petroleum will publish third-quarter results on November 9, 2026.
- Occidental Petroleum stock costs EUR 54.14 at Lang & Schwarz on October 16, 2026 at 4:01 p.m. CEST.
- Market capitalization was USD 61.1 billion and the P/E ratio was 9.39 on October 16, 2026.
Morgan Stanley raised its Occidental Petroleum target from USD 69.00 to USD 71.00 on October 15, 2026, while keeping an Equal Weight rating, according to MarketBeat. The target is 16.18 percent above the USD 61.11 NYSE price quoted on October 16, 2026. Occidental Petroleum stock was at EUR 54.14 at Lang & Schwarz on October 16, 2026 at 4:01 p.m. CEST.
November results set the next date
Occidental Petroleum is scheduled to publish third-quarter 2026 results after the market close on November 9, 2026, followed by a conference call on November 10, 2026. The date was announced in the company's October 1 release, carried by Stifel. That calendar point gives the target revision a defined near-term test.
Dollar quote below yearly high
On the NYSE, Occidental Petroleum last traded at USD 61.11 on October 16, 2026 at 10:05 a.m. ET. The price stood 9.40 percent below the 52-week high of USD 67.45 and 57.50 percent above the 52-week low of USD 38.80. Trading volume was 1,146,044 shares, versus an average volume of 8,392,276 shares.
Valuation gives the target context
Occidental Petroleum had a market capitalization of USD 61.1 billion, a P/E ratio of 9.39 and a dividend yield of 2.00 percent on October 16, 2026. The valuation sits below the ratios of Exxon Mobil and Chevron in the same market snapshot, but the comparison also reflects different production mixes, balance sheets and dividend policies.
Comparison with peers
Occidental Petroleum: P/E 9.39, market capitalization USD 61.1 billion
Exxon Mobil (NYSE, USD): P/E 22.60, market capitalization USD 723.8 billion
Chevron (NYSE, USD): P/E 21.29, market capitalization USD 439.1 billion
The euro quote and primary listing
The Lang & Schwarz quote places the German-market price at EUR 54.14 on October 16, 2026 at 4:01 p.m. CEST. The separate NYSE quotation was USD 61.11 at 10:05 a.m. ET on the same date, so the two values are not combined into one daily percentage.
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 16, 2026, 4:01 p.m. CEST): EUR 54.14
- Market capitalization: USD 61.1 billion (as of October 16, 2026)
- 52-week range: USD 38.80-67.45 (as of October 16, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Next earnings date: November 9, 2026
Market context: Market report S&P 500.
