Roth Capital upgrades Occidental Petroleum to Buy: USD 70 target for Occidental Petroleum stock

Published on 10/19/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 30.00 percent to USD 8.33 billion. Occidental Petroleum stock costs EUR 55.14 on October 19, 2026.

Analyst views and reporting dates

Roth Capital upgraded Occidental Petroleum to Buy and set a USD 70.00 target on October 16, 2026.
Second-quarter 2026 revenue reached USD 8.33 billion, up 30.00 percent year over year.
Occidental Petroleum stock trades at EUR 55.14 at 10:12 a.m. CEST at Lang & Schwarz on October 19, 2026.

Aquarellmalerei einer warmen Wüstenlandschaft mit fernen Ölbohrtürmen am Horizont — Occidental Petroleum US6745991058 illustriert als Aquarellgemälde eines trockenen Wüstenlandstrichs mit fernen Bohrtürmen am Horizont, Illustration mit AI erstellt.

Occidental Petroleum stock (ISIN US6745991058) was trading at EUR 55.14 at Lang & Schwarz on October 19, 2026 at 10:12 a.m. CEST. The latest analyst catalyst came on October 16, when Roth Capital upgraded the company to Buy and set a USD 70.00 price target, as Markets Insider reported.

Target points to oil exposure

Roth Capital analyst Leo Mariani cited Occidental's oil exposure, with 49 percent of production consisting of oil and 23 percent consisting of natural gas liquids, according to Markets Insider on October 16, 2026. The same report said the company was directing most free cash flow toward debt reduction and targeting gross debt of USD 10.0 billion.

The target change fits a broader October analyst reset. Morgan Stanley raised its target from USD 69.00 to USD 71.00 on October 15 while retaining an Equal Weight rating, according to Markets Insider. Truist raised its target from USD 63.00 to USD 64.00 on the same date and kept a Hold rating, citing Gulf of America production disruptions ahead of the third-quarter report, Markets Insider reported.

Three recent figures frame Oxy

Occidental reported USD 8.33 billion in second-quarter 2026 revenue, up 30.00 percent from the same quarter a year earlier, while net income reached USD 2.81 billion, according to Simply Wall St. The company also reported diluted earnings per share of USD 2.75 for that period. The result gives the analyst debate a concrete operating base, but the Gulf disruptions remain a counter-factor for the next quarter.

On August 6, 2026, second-quarter revenue stood at USD 8.33 billion; on October 15, 2026, Morgan Stanley lifted its target to USD 71.00; on October 16, 2026, Roth Capital upgraded the stock and set a USD 70.00 target. These three dated events show the shift from reported earnings to forward oil and production assumptions.

What comes next for the stock?

Simply Wall St lists November 9, 2026 as the date for Occidental's third-quarter results. That report should put the USD 70.00 target against fresh production, cash flow and debt figures. For investors, the key question is whether the stronger second-quarter revenue base can offset the operational disruption described by Truist.

Euro quote remains the reference

Occidental Petroleum was trading at EUR 55.14 at Lang & Schwarz on October 19, 2026 at 10:12 a.m. CEST. The stock has a market capitalization of USD 62.4 billion and a 52-week range of USD 38.80 to USD 67.45 as of October 19, 2026. The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.