Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Occidental Petroleum (NYSE:OXY) has climbed 58% year-to-date, moving from $40.92 at the end of 2025 to $64.36 as of March 26.
Recent acquisitions are expected to deliver further cost structure improvements and profitability upside. OXY's accretive acquisitions, like Anadarko, gradually lower corporate breakeven over several years rather than all at once. Leadership transition is underway.
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Occidental Petroleum (OXY) closed at $61.25 in the latest trading session, marking a +1.56% move from the prior day.
Occidental (OXY) reported earnings 30 days ago. What's next for the stock?
Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
U.S. equity futures are pointing higher again Tuesday morning, with both S&P 500 and Dow contracts in positive territory, even as Brent crude climbs above $103 a barrel and geopolitical tensions in the Middle East intensify.
Oil prices have surged since the war with Iran began. While Occidental Petroleum's stock is up since the conflict started, it hasn't surged as much as crude prices.
Occidental Petroleum jumps 26.8% in a month, beating its industry as rising oil prices, Permian strength and debt reduction support the outlook.
From December 11, 2025, to March 11, 2026, Occidental Petroleum (OXY) increased by 36%, driven by escalating margins and an advancing P/E ratio, despite a minor drop in revenues. Strategic initiatives such as a significant divestiture, favorable commodity prices, and strong earnings outperformance fueled this remarkable ascent—although a subtle pullback suggested a market adjustment.
Occidental (OXY) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.