Susquehanna raises target to USD 77: Occidental Petroleum stock falls 2.52 percent

Published on 10/26/2026 at 12:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Susquehanna target reached USD 77.00 on October 20, 2026. Occidental Petroleum stock costs EUR 56.38 on October 26, 2026, 2.52 percent below Xetra close.

Upcoming dates and operating signals

On October 20, 2026, Susquehanna raised its target from USD 70.00 to USD 77.00.
For the third quarter of 2026, oil represented 48.80 percent of production and collar settlements reduced operating cash flow by USD 94.00 million.
Occidental Petroleum stock trades at EUR 56.38 at 12:48 p.m. CEST at Lang & Schwarz on October 26, 2026, 2.52 percent below the Xetra close of October 23, 2026.

Occidental Petroleum, US6745991058, Illustration mit AI erstellt.

Occidental Petroleum stock (ISIN US6745991058) was trading at EUR 56.38 at Lang & Schwarz on October 26, 2026 at 12:48 p.m. CEST, down 2.52 percent versus the Xetra close of October 23, 2026 at EUR 57.84. The latest analyst catalyst was Susquehanna's October 20, 2026 decision to raise its price target from USD 70.00 to USD 77.00, as reported by MarketBeat.

Q3 factors point to production discipline

Occidental's October 13 filing said third-quarter 2026 production was within management's guidance range despite temporary Gulf of America downtime. Oil accounted for 48.80 percent of total company production, while crude oil collar settlements reduced operating cash flow before working capital by USD 94.00 million, according to the SEC filing.

The operating update is preliminary rather than a full earnings forecast. It also gave investors concrete commodity benchmarks for the third quarter: worldwide realized oil prices were USD 85.91 per barrel, worldwide NGL prices were USD 24.63 per barrel, and worldwide natural gas prices were USD 1.69 per Mcf.

What does the target mean for valuation?

Susquehanna's USD 77.00 target sits above the latest NYSE reference of USD 64.17 on October 23, 2026, while Occidental's finance profile shows a 52-week range of USD 38.80 to USD 67.45 and market capitalization of USD 64.1 billion. The target revision therefore extends beyond the current yearly high, but the euro quotation remains below its Xetra reference.

Three dated signals for OXY

On August 5, 2026, Occidental reported quarterly earnings per share of USD 2.40 and revenue of USD 8.06 billion, compared with consensus earnings per share of USD 1.83 and revenue of USD 7.07 billion, according to MarketBeat. On October 13, 2026, the company published its preliminary third-quarter operating factors, and on October 20, 2026, Susquehanna lifted its target from USD 70.00 to USD 77.00.

Results arrive November 9

The next two dated events are Occidental's third-quarter 2026 results after the market close on November 9, 2026, followed by a conference call on November 10, 2026 at 1:00 p.m. ET. The schedule was announced by the company in a release carried by FT.

OXY stays below its Xetra reference

On the NYSE, OXY was last at USD 64.17 on October 23, 2026 at 4:00 p.m. ET. At Lang & Schwarz, the stock was trading at EUR 56.38 on October 26, 2026 at 12:48 p.m. CEST, 2.52 percent below the Xetra close of October 23, 2026 at EUR 57.84. The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.