Truist raises target for Occidental Petroleum stock to USD 64.00
Published on 10/16/2026 at 09:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and operating evidence
- Truist raised its target from USD 63.00 to USD 64.00 on October 15, 2026.
- Second-quarter revenue reached USD 8.33 billion, up 31.80 percent year over year.
- Occidental Petroleum stock trades at EUR 53.87 at 9:14 a.m. CEST at Lang & Schwarz on October 16, 2026.
Occidental Petroleum (ISIN US6745991058) was trading at EUR 53.87 at Lang & Schwarz on October 16, 2026 at 9:14 a.m. CEST. Markets Insider reported on October 15, 2026 that Truist raised its price target from USD 63.00 to USD 64.00 and kept a Hold rating.
Target rises as results approach
The move came ahead of Occidental's third-quarter results. Truist analyst Gabe Daoud pointed to a softer expected quarter, citing Gulf of America production shut-ins linked to third-party pipeline issues and a lower oil cut, according to Markets Insider.
What does the target change mean?
The revised target sits against a strong second-quarter operating comparison. Occidental reported USD 8.33 billion of revenue and USD 2.98 billion of net profit for the quarter ended June 30, 2026, versus USD 6.32 billion of revenue and USD 431.00 million of net profit a year earlier, according to Markets Insider. Revenue therefore increased 31.80 percent year over year, while net profit rose 591.18 percent.
Three target changes in order
On October 1, 2026, Goldman Sachs raised its target from USD 63.00 to USD 69.00, as reported by Investing.com.
On October 14, 2026, Wells Fargo maintained a Buy rating with a USD 82.00 target, according to Markets Insider. On October 15, 2026, Truist moved its target to USD 64.00 from USD 63.00.
Results dates are set
Occidental is scheduled to announce third-quarter results on November 9, 2026 and hold its conference call on November 10, 2026, according to 6ix. The dates put the analyst revisions ahead of the next formal earnings test.
Stock price in euros
Occidental Petroleum was trading at EUR 53.87 at Lang & Schwarz on October 16, 2026 at 9:14 a.m. CEST. The next reported production and earnings update will determine whether the target revisions are supported by operating delivery. The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Occidental Petroleum stock facts
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 16, 2026, 9:14 a.m. CEST): EUR 53.87
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500
Market context: Market report S&P 500.
