58/100BOccidental Petroleum stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Occidental Petroleum is 70.46, 27.3% above the current price of 55.34. Their targets range from 60.00 to 82.00.
Of the 17 firms that rated Occidental Petroleum in the past 12 months, 9 rate it buy or strong buy, 8 hold and 0 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 60.00 to 82.00, with an average of 70.46.
| Buy | 9 | |
| Hold | 8 | |
| Sell | 0 |
12-month price target
| Highest target | 82.00 |
| Average target | 70.46 |
| Lowest target | 60.00 |
| Current price | 55.34 |
Occidental Petroleum price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Occidental Petroleum price target and rating?
How analysts rate Occidental Petroleum, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
9 of 17 firms rate it buy now, against 5 of 19 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Occidental Petroleum analyst upgrades, downgrades and price targets
The latest rating change came on 1 October 2026, when Goldman Sachs upgraded Occidental Petroleum from Neutral to Buy. Its price target is 69.00, from 64.00. The most recent new target came from Goldman Sachs on 27 October 2026: 76.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 27 Oct 2026 | Goldman Sachs | Reiterated · Buy | 69.00 → 76.00 | +10.1% | 64.07 |
| 17 Oct 2026 | Jefferies Lloyd Byrne | — | 60.00 | — | 62.38 |
| 16 Oct 2026 | Roth Capital Leo Mariani | — | 45.00 → 70.00 | +55.6% | 62.26 |
| 15 Oct 2026 | Truist Financial Gabe Daoud | Reiterated · Hold | 63.00 → 64.00 | +1.6% | 60.67 |
| 15 Oct 2026 | Morgan Stanley Devin McDermott | Reiterated · Equal Weight | 69.00 → 71.00 | +2.9% | 61.25 |
| 14 Oct 2026 | Scotiabank Mark Lear | — | 46.00 → 63.00 | +37.0% | 61.41 |
| 14 Oct 2026 | BMO Capital Phillip Jungwirth | — | 60.00 → 68.00 | +13.3% | 61.93 |
| 14 Oct 2026 | UBS | Reiterated · Neutral | 67.00 → 73.00 | +9.0% | 61.80 |
| 1 Oct 2026 | Goldman Sachs Neil Mehta | Upgraded · Neutral → Buy | 64.00 → 69.00 | +7.8% | 55.32 |
| 14 Sept 2026 | Wells Fargo | Reiterated · Overweight | 79.00 → 82.00 | +3.8% | 61.46 |
| 14 Sept 2026 | UBS Josh Silverstein | Reiterated · Neutral | 65.00 → 67.00 | +3.1% | 61.46 |
| 11 Sept 2026 | Evercore ISI Stephen Richardson | Reiterated · Outperform | 65.00 → 70.00 | +7.7% | 61.24 |
| 3 Sept 2026 | Seaport Global | — | 73.00 | — | 60.91 |
| 17 Aug 2026 | Barclays Betty Jiang | Reiterated · Overweight | 75.00 → 71.00 | -5.3% | 58.36 |
| 10 Aug 2026 | Truist Financial Gabe Daoud | Reiterated · Hold | 57.00 → 63.00 | +10.5% | 57.99 |
| 7 Aug 2026 | Morgan Stanley | — | 68.00 → 69.00 | +1.5% | 56.06 |
| 7 Aug 2026 | Wells Fargo | Reiterated · Overweight | 72.00 → 79.00 | +9.7% | 56.04 |
| 6 Aug 2026 | Barclays | Reiterated · Overweight | 72.00 → 75.00 | +4.2% | 53.81 |
| 8 Jul 2026 | Evercore ISI | Upgraded · Underperform → Outperform | 38.00 → 65.00 | +71.1% | 51.68 |
| 29 Jun 2026 | Morgan Stanley | Reiterated · Equal Weight | 53.00 → 68.00 | +28.3% | 49.99 |
| 27 May 2026 | Mizuho Securities | Reiterated · Outperform | 67.00 → 75.00 | +11.9% | 57.46 |
| 26 May 2026 | Barclays Betty Jiang | Upgraded · Equal Weight → Overweight | 55.00 → 72.00 | +30.9% | 58.81 |
| 20 May 2026 | Goldman Sachs | — | 64.00 | — | 58.87 |
| 8 May 2026 | Truist Financial | Reiterated · Hold | 57.00 | — | 54.02 |
| 7 May 2026 | UBS | — | 49.00 → 65.00 | +32.7% | 53.69 |
| 4 May 2026 | Raymond James | — | 50.00 → 75.00 | +50.0% | 59.24 |
| 9 Apr 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 69.00 → 72.00 | +4.3% | 58.53 |
| 20 Mar 2026 | JP Morgan | Upgraded · Underweight → Neutral | — | — | — |
| 12 Mar 2026 | Wells Fargo Roger Read | Upgraded · Underweight → Overweight | 69.00 | — | 55.58 |
| 12 Mar 2026 | Piper Sandler Mark Lear | Upgraded · Neutral → Overweight | 46.00 → 66.00 | +43.5% | 55.58 |
| 23 Feb 2026 | BMO Capital | Reiterated · Market Perform | 60.00 | — | 52.98 |
| 20 Feb 2026 | Barclays | — | 48.00 → 55.00 | +14.6% | 51.23 |
| 20 Feb 2026 | Susquehanna Charles Minervino | Reiterated · Positive | 51.00 → 60.00 | +17.6% | 51.77 |
| 20 Feb 2026 | UBS | Reiterated · Neutral | 43.00 → 49.00 | +14.0% | 51.78 |
| 20 Feb 2026 | Morgan Stanley Devin McDermott | — | 51.00 → 53.00 | +3.9% | 52.12 |
| 19 Feb 2026 | Roth Capital | — | 46.00 → 45.00 | -2.2% | 51.53 |
| 19 Feb 2026 | Mizuho Securities | — | 64.00 → 67.00 | +4.7% | 47.11 |
| 26 Jan 2026 | Susquehanna Charles Minervino | Reiterated · Positive | 55.00 → 51.00 | -7.3% | 43.93 |
| 16 Jan 2026 | Scotiabank | — | 47.00 → 46.00 | -2.1% | 42.80 |
| 12 Dec 2025 | UBS | Reiterated · Neutral | 45.00 → 43.00 | -4.4% | 41.02 |
| 8 Dec 2025 | JP Morgan | Downgraded · Neutral → Underweight | — | — | — |
| 25 Nov 2025 | Raymond James John Freeman | — | 50.00 | — | 41.43 |
| 20 Nov 2025 | Morgan Stanley Devin McDermott | — | 58.00 → 51.00 | -12.1% | 41.44 |
| 18 Nov 2025 | Piper Sandler Mark Lear | Reiterated · Neutral | 47.00 → 46.00 | -2.1% | 42.52 |
| 11 Nov 2025 | Mizuho Securities Nitin Kumar | Reiterated · Outperform | 60.00 → 64.00 | +6.7% | 41.80 |
Occidental Petroleum EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Occidental Petroleum's EPS to grow 38.8% a year until 2028.
Analysts expect Occidental Petroleum's revenue to grow 4.8% a year until 2028. Over the last 5 years it grew 4.7% a year, and over the last 3 years it fell 15.9%.
Revenue
EPS
Does Occidental Petroleum beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 32.5% off the result, either way, and their revenue estimate 3.9%, over the last 12 quarters.
- EPS beats
- 95 / 132
- Revenue beats
- 79 / 119
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +32.5%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 9 Nov 2026 | 1.46 | 1.91 | +30.8% | 6.82B | 6.77B | -0.7% |
| Q2 FY2026 | 5 Aug 2026 | 1.83 | 2.40 | +31.1% | 7.07B | 8.07B | +14.0% |
| Q1 FY2026 | 5 May 2026 | 0.60 | 1.06 | +76.4% | 5.44B | 5.23B | -3.9% |
| Q4 FY2025 | 18 Feb 2026 | 0.16 | 0.31 | +88.0% | 5.55B | 5.11B | -7.9% |
| Q3 FY2025 | 10 Nov 2025 | 0.51 | 0.64 | +25.0% | 6.75B | 6.62B | -1.9% |
| Q2 FY2025 | 6 Aug 2025 | 0.30 | 0.39 | +31.2% | 6.38B | 6.41B | +0.6% |
| Q1 FY2025 | 7 May 2025 | 0.78 | 0.87 | +11.1% | 6.83B | 6.80B | -0.3% |
| Q4 FY2024 | 18 Feb 2025 | 0.68 | 0.80 | +18.2% | 6.98B | 6.76B | -3.1% |
| Q3 FY2024 | 12 Nov 2024 | 0.74 | 1.00 | +35.1% | 7.12B | 7.17B | +0.7% |
| Q2 FY2024 | 7 Aug 2024 | 0.77 | 1.03 | +33.8% | 6.74B | 6.82B | +1.1% |
| Q1 FY2024 | 8 May 2024 | 0.60 | 0.63 | +5.0% | 6.58B | 5.98B | -9.2% |
| Q4 FY2023 | 15 Feb 2024 | 0.71 | 0.74 | +4.2% | 6.93B | 7.17B | +3.5% |
Occidental Petroleum stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Occidental Petroleum's earnings grow at the 24.9% a year analysts expect to FY2028, then 15.0% a year, it would earn about 5.70 a share in FY2030. At the P/E it has traded at over the last five years (4.7 to 24.3) that is 26.75 to 138.58 a share, or 82.99 at its average P/E of 14.6. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 6.88 | 32.31 | 100.23 | 167.38 |
| FY2027 | 5.17 | 24.28 | 75.32 | 125.78 |
| FY2028 | 4.31 | 20.23 | 62.75 | 104.79 |
| FY2029 (extrapolated) | 4.95 | 23.26 | 72.16 | 120.51 |
| FY2030 (extrapolated) | 5.70 | 26.75 | 82.99 | 138.58 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (4.7, 14.6, 24.3).
Is Occidental Petroleum stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Occidental Petroleum's P/E of 7.3 is below the middle of its 5-year range (4.4 to 40.3, median 12.3). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Fair value is not a reliable guide for Occidental Petroleum: its earnings swing (EPS fell 34.0% in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2026, is 8.0.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 7.27
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 12.29
- Five-year P/E range
- 4.4 – 40.3
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 8.04
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 0.29
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +27.3%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 97.350 | 194.84146Price 97.35244 | +100.1% | |
| 119.980 | 236.63177Price 119.98296 | +97.2% | |
| 197.050 | 384.58163Price 197.052,644 | +95.2% | |
| 157.530 | 305.52161Price 157.53396 | +93.9% | |
| 43.270 | 82.9546Price 43.27165 | +91.7% | |
| 214.470 | 405.52304Price 214.47507 | +89.1% | |
| 163.700 | 308.95212Price 163.70442 | +88.7% |
Furthest below the fair value on each stock's page, updated every day.