Occidental Petroleum stock: Stephens raises target from USD 78.00 to USD 80.00

Published on 10/20/2026 at 16:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The NYSE range is USD 38.80 to USD 67.45. Occidental Petroleum stock costs EUR 54.86 on October 20, 2026, down 1.91 percent versus the Xetra close.

Analyst target and valuation

Stephens lifted its Occidental Petroleum target from USD 78.00 to USD 80.00 on October 19, 2026.
The NYSE 52-week range was USD 38.80 to USD 67.45 as of October 20, 2026.
Occidental Petroleum stock costs EUR 54.86 at Lang & Schwarz on October 20, 2026 at 4:31 p.m. CEST, 1.91 percent below the Xetra close of October 19, 2026.
Market capitalization was USD 61.9 billion, with a P/E ratio of 9.49 and a dividend yield of 2.00 percent.

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Occidental Petroleum (ISIN US6745991058) drew a higher valuation marker when Stephens raised its price target from USD 78.00 to USD 80.00 and maintained an overweight rating on October 19, 2026, as MarketBeat reported. The stock was trading at EUR 54.86 at Lang & Schwarz on October 20, 2026 at 4:31 p.m. CEST, down 1.91 percent versus the Xetra close of October 19, 2026 at EUR 55.93.

USD 80.00 target sits above price

The Stephens target stands 29.14 percent above the USD 61.95 NYSE price at 10:35 a.m. ET on October 20, 2026. The increase keeps the research view constructive while retaining the firm's overweight rating, giving investors a clearly defined level against which the US quotation can be measured.

Stock stays below yearly high

Occidental Petroleum traded between USD 38.80 and USD 67.45 over the previous 52 weeks as of October 20, 2026. At USD 61.95, the stock stood 8.15 percent below its yearly high and 59.66 percent above its yearly low. The NYSE quote was down 1.24 percent from the previous close of USD 62.72 at 10:35 a.m. ET.

Valuation leaves room for comparison

Occidental Petroleum had a market capitalization of USD 61.9 billion, a P/E ratio of 9.49 and a dividend yield of 2.00 percent as of October 20, 2026. Trading volume stood at 1,937,017 shares, compared with an average volume of 8,460,301 shares. The combination places the target revision alongside a company valuation that remains below the multiple of several larger integrated energy groups.

Occidental Petroleum operates across oil and gas exploration and production, midstream and marketing, and chemicals. Its corporate materials also describe carbon-management and direct-air-capture activities, including the STRATOS project in the Permian Basin.

What the target means for the stock

The key market tension is the gap between the USD 80.00 target and the current USD 61.95 NYSE quote, while the euro quotation remains below the October 19 Xetra close. The target revision is therefore a valuation reference, not a new operating forecast.

Price and valuation

Occidental Petroleum was trading at EUR 54.86 at Lang & Schwarz on October 20, 2026 at 4:31 p.m. CEST, 1.91 percent below the Xetra close of October 19, 2026 at EUR 55.93. The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.