Occidental Petroleum stock rises on Seaport upgrade
Published on 09/04/2026 at 21:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Occidental Petroleum (US6745991058) stock opened at USD 60.54 after a Seaport Research Partners upgrade to strong-buy, while the broader analyst view stayed at Hold with an average target of USD 64.83. The same report said Q2 2026 EPS was USD 2.40, above the USD 1.83 estimate, and revenue reached USD 8.06 billion on August 5, 2026.
Q2 2026 beat
The MarketBeat report said revenue rose 53.4 percent year over year from USD 5.25 billion implied by the comparison in the same quarter last year, while net margin stood at 28.36 percent and return on equity at 15.31 percent. That mix matters more than the rating change alone, because the stock is already priced against a 1-year high of USD 67.45 and a market capitalization of USD 60.52 billion.
Zonebourse showed the stock at USD 60.61 on NYSE, with a daily move of minus 0.49 percent and a 5-day gain of 3.91 percent, all as of September 4, 2026. In Europe, the same line of market data showed the Xetra listing at EUR 52.41 and Tradegate at EUR 52.12, which gives German investors a direct DACH reference point.
Analyst target gap
Seaport Research Partners moved first, but the market is still sitting below the consensus target of USD 64.83 and well below the most recent Wall Street high end in the same research set. The figure that stands out is the spread from USD 60.54 to USD 64.83, a gap of USD 4.29, while the 1-year high remains USD 67.45.
Zonebourse also listed 2026 expected revenue of USD 26.453 billion, EBITDA of USD 16.713 billion and EBIT of USD 9.494 billion for Occidental Petroleum, with revenue projected to rise 19.83 percent versus 2025. Those 2026 forecasts frame the current debate around cash generation rather than pure production growth.
Permian still matters
Occidental Petroleum Corporation remains an oil and gas exploration and production group with chemicals and midstream operations, and that mix still leans heavily on the Permian Basin. The latest earnings set pointed to quarterly revenue of USD 8.06 billion and net profit of USD 2.98 billion for the quarter ending June 30, 2026, versus USD 6.32 billion and USD 431 million a year earlier.
Stock and venue
On September 4, 2026, Occidental Petroleum stock was quoted at USD 60.61 on NYSE and EUR 52.41 on Xetra, with the share trading near its 1-year high of USD 67.45.
Occidental Petroleum snapshot
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Trading venue: NYSE, with Xetra and Tradegate references
- Price (as of September 4, 2026): USD 60.61
- Market capitalization: USD 60.52 billion
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500
