Occidental Petroleum stock trades at EUR 54.72 with USD 60.8 billion value

Published on 10/12/2026 at 16:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock stood at EUR 54.72 on October 12, 2026 versus EUR 54.28. Goldman Sachs set a USD 69.00 target on October 1, 2026.

Key points in brief

Occidental Petroleum stock was at EUR 54.72 at Lang & Schwarz on October 12, 2026.
The price was plus 0.81 percent versus the Xetra close of EUR 54.28 on October 9, 2026.
Market capitalization was USD 60.8 billion and the trailing P/E ratio was 9.41.
Goldman Sachs set a USD 69.00 price target on October 1, 2026.
Third-quarter results are scheduled for November 9, 2026.

Isometrische 3D-Illustration einer Förderanlage mit Pumpjacks, Tanks und verzweigtem Pipeline-Netzwerk — Occidental Petroleum US6745991058 dargestellt als isometrische 3D-Illustration der gesamten Förder- und Pipeline-Lieferkette entlang der Küste, Illustration mit AI erstellt.

Occidental Petroleum (ISIN US6745991058) was trading at EUR 54.72 at Lang & Schwarz on October 12, 2026 at 3:46 p.m. CEST, plus 0.81 percent versus the Xetra close of October 9, 2026 at EUR 54.28. The company had a USD 60.8 billion market value, giving the price report a clear valuation anchor.

Price holds above the Xetra close

The Lang & Schwarz quote stood EUR 0.44 above the Xetra close. That equals a plus 0.81 percent move calculated from EUR 54.28, while the US listing was trading at USD 61.16 on the NYSE at 10:00 a.m. ET on October 12, 2026.

Trading activity in the US session was 878,601 shares against an average volume of 8,491,689 shares. The gap between current turnover and the average is a useful distinction for investors assessing the strength of the intraday move.

Valuation and analyst target

Occidental Petroleum's trailing P/E ratio was 9.41, compared with 22.16 for ExxonMobil Holdings and 20.71 for Chevron on October 12, 2026. The comparison places Oxy's multiple below both larger oil producers, while its USD 60.8 billion market value remains far smaller than ExxonMobil's USD 713.2 billion and Chevron's USD 429.9 billion.

According to Markets Insider on October 1, 2026, Goldman Sachs upgraded Occidental to Buy from Neutral and raised its price target from USD 63.00 to USD 69.00. The new target lies 12.82 percent above the USD 61.16 NYSE price cited for the same session.

Comparison with peers

Occidental Petroleum: plus 0.81 percent, P/E 9.41, market capitalization USD 60.8 billion
ExxonMobil Holdings (NYSE, USD): plus 1.86 percent, P/E 22.16, market capitalization USD 713.2 billion
Chevron (NYSE, USD): plus 1.84 percent, P/E 20.71, market capitalization USD 429.9 billion

November results set the next date

Occidental Petroleum is scheduled to report third-quarter 2026 results on November 9, 2026, after the market closes, according to Simply Wall St. The date gives the current market report a defined calendar point, while the analyst target supplies the main valuation comparison.