Occidental Petroleum Corp (OXY) Buy, Sell or…

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Occidental Petroleum Corp (OXY)

54.53

+2.85 (5.51%)

as of Jul 8, 2026, 3:24:54 pm Market Open.

80 watching

Investor Insights

Jul 7, 2026, 12:00 am

This summary was created by AI, based on 2 opinions in the last 12 months.

Occidental Petroleum Corp (OXY-N) has shown impressive performance, with a significant rise of 58% in Q1, making it one of the top performers in the S&P. This surge is primarily attributed to the high oil prices driven by geopolitical tensions in the Middle East. However, while the stock benefits from market rallies, it is also susceptible to larger declines when the market contracts, indicating a potential risk should peace be restored in the region. In addition, there are concerns regarding the stock's intrinsic value, as some experts note the lack of compelling reasons to hold the stock beyond the involvement of Berkshire Hathaway as a major shareholder. Although the company holds a strong position in the Permian Basin, there are suggestions to consider alternative investments, hinting at a premium valuation compared to Canadian peers, suggesting a nuanced outlook on its future performance.

Consensus

Mixed

Valuation

Overvalued

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Cenovus,CVE

BUY

She has been adding to energy on this pullback. Oil companies can make money at $40-50 oil/barrel. Oil stocks remain cheap and earnings went up for the group. It's her favourite sector.

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COMMENT

options It was trading just beneath $63. A big buyer added 5,000 of the June 67.50 calls were bought for for $3.25 and selling an upside call against it.

DON'T BUY

There is too much leverage now. There is a solid underpinning of supply of fossil fuels so if the industry does well OXY does well, but if the industry does poorly then OXY does poorly because of the balance sheet.

DON'T BUY

It is like the global oil sector as a whole -- they got pummeled when oil prices when low. Unless someone thinks oil prices will go up on a sustainable basis from here, this is not an attractive sector.

WEAK BUY

Entire sector is a buy. Management has made questionable decisions. COP looks better to him. We have fantastic companies such as SU and TOU in Canada, so you don't need to go to the US.

BUY

They report Monday and he expects good numbers based on other oil companies' stellar reports and the high price of crude.

DON'T BUY

The price of oil in the last 9 of 10 days has risen. Many predict the long bear market is over, but he's worried about the oversupply of oil. They report Tuesday and he wants to hear what they say. A recent acquisition added a lot of debt.

DON'T BUY

A lot of investors don’t want to own oil stocks. He is not a huge fan. A lot of these companies don't see the value of sitting on cash when commodity prices are high.

TOP PICK

It's been quite a ride. A global oil/gas producer. They will pay down debt aggressively and return capital to shareholders. Based on 2020 hedges, low-$40's they can pay their dividend (above 7% now) and maintain flat production. They plan to sell $10-15 billion in assets to de-lever. Not well-loved now because of an acquisition. Oil demand will grow in coming years, despite the rise of renewables. Overall, well-run. (Analysts’ price target is $54.32)

DON'T BUY

It has given up 35%. He would just not go there. He would not go to energy.

PAST TOP PICK

(A Top Pick May 11/16. Down 17%.) Energy has been particularly tough since the beginning of the year. Also, their operational record has not been good. Their recently filed earnings report indicates their operating numbers are better, meaning costs are going down, and also are doing a little better with the drill bit. It has a nice dividend which doesn’t appear to be in jeopardy.

PAST TOP PICK

(A Top Pick May 11/16. Down 10%.) Has not really been well run. The earnings haven’t been good. However, they are sitting on the best oil assets in the US. Has the largest concentration in the Permian Basin, which has stacked plays giving access to different layers of shale with oil in it.

PAST TOP PICK

(Top Pick May 11/16, Up 0.91%) Speculators focused too much on the crude and the gasoline inventories. There is record short interest right now. You get a nice dividend. He discovered recently that published inventory levels are not always that accurate.

TOP PICK

His favourite energy pick, because it is over 80% oil. Also, have the best drilling locations in the US, generally in the Permian Basin in West Texas and Southeast New Mexico, which has multiple layers of oil, so with one drilling pad they can get more pockets of oil making it more economical. Dividend yield of 3.91%.

PAST TOP PICK

(A Top Pick Feb 2/11. Up 2.6%.) Sold last February.

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Occidental Petroleum Corp (OXY)