Occidental Petroleum stock gains as Wells Fargo lifts price target to USD 82

Published on 09/15/2026 at 17:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock is supported by a Wells Fargo price target increase to USD 82 on September 15, 2026, with an Overweight rating. Oil and gas peers also rise, with Occidental Petroleum up over 2 percent in the sector move.

Fotorealistische Ölförderpumpen in trockener Wüstenlandschaft des Permian-Basin bei Abendlicht — Occidental Petroleum US6745991058 zeigt fotorealistische Ölförderpumpen im weiten Permian-Basin bei stimmungsvollem Sonnenuntergang heute, Illustration mit AI erstellt.

Occidental Petroleum stock (ISIN US6745991058) is trading firmer after Wells Fargo raised its price target to USD 82 on September 15, 2026, while keeping an Overweight rating on the shares according to Futunn on September 15, 2026.

Wells Fargo and UBS views set the tone

The key catalyst for Occidental Petroleum stock on September 15, 2026 is Wells Fargo lifting its price target from USD 79 to USD 82, a 3.8 percent increase, while reiterating an Overweight stance according to Futunn on September 15, 2026.

Alongside the Wells Fargo move, UBS maintains a more cautious view, keeping Occidental Petroleum at Hold with a target price of USD 67 according to Futunn on September 15, 2026, underscoring a spread of USD 15 between the two houses' price targets.

Sector move and recent fundamentals

The rating changes come as oil and gas stocks rise broadly, with Occidental Petroleum shares up more than 2 percent in the latest sector move according to Futunn on September 15, 2026.

On the fundamental side, Occidental Petroleum recently reported quarterly revenues of USD 8.33 billion, up 57.1 percent year on year, beating analysts' expectations by 15.3 percent according to Yahoo Finance in its Q2 2026 coverage.

Stock price context for investors

In that same Q2 2026 context, Yahoo Finance noted that Occidental Petroleum shares traded at USD 61.35 after the results, up 14 percent since the report according to Yahoo Finance on September 14, 2026, illustrating how the earnings beat has already been partly priced into the stock.

Occidental Petroleum stock price snapshot

As of the most recent completed trading day before September 15, 2026, Occidental Petroleum stock on the NYSE was last reported around USD 61 in the Yahoo Finance sector review, and the current sector move described on September 15, 2026 adds a gain of more than 2 percent for Occidental Petroleum within oil and gas peers according to Futunn, keeping the shares supported by both sector momentum and the Wells Fargo price target revision.