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OXY

Occidental Petroleum Corporation

NYSE: OXY · ENERGY · OIL & GAS E&P

$60.76
+3.67% today

Updated 2026-04-29

Market cap
$60.08B
P/E ratio
44.87
P/S ratio
2.78x
EPS (TTM)
$1.35
Dividend yield
1.58%
52W range
$38 – $67
Volume
18.3M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Occidental Petroleum Corporation (OXY) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$60.76
Consensus
$56.50
-7.01%
2030 Target
$321.15
+428.55%
DCF
$67.92
+30.45% MoS
22 analysts:
6 Buy13 Hold3 Sell

Management guidance

No specific CEO revenue guidance for 2026-2030 identified in available data. Management focus has been on balance sheet repair, OxyChem divestiture to Berkshire Hathaway, and operational efficiency. Near-term outlook dependent on commodity prices and geopolitical factors.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$535.25
$26.4B Rev × 20x P/S
Base case (2030)
$321.15
$26.4B Rev × 12x P/S
Bear case (2030)
$214.10
$26.4B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$28.3B$27.1B$21.6B$23.6B$23.9B$24.8B$25.6B$26.4B
Revenue growth—-4.3%-20.3%9.5%1.2%3.7%3.2%3.1%
EPS$3.69$3.46$2.21$1.29$1.84$2.15$2.45$2.70
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$283.37$289.66$302.26$308.55$321.15

Catalysts & risks

Growth catalysts
+ Middle East geopolitical tensions supporting crude oil prices above $100/barrel
+ Balance sheet strengthening from OxyChem $15B+ divestiture to Berkshire Hathaway
+ Potential dividend increases as leverage improves and free cash flow generation accelerates
+ Leadership transition (CEO Hollub potentially departing) could signal strategic refocus
+ Low-cost production in Permian and Middle East operations provide margin resilience
Key risks
- Crude oil price volatility (WTI sensitivity: each $1/bbl change ~$200M revenue impact)
- Geopolitical de-escalation in Iran conflict would reduce risk premium and lower oil prices
- U.S. reserve releases and global oversupply pressuring crude prices downward
- Energy transition reducing long-term demand for E&P assets
- High leverage despite OxyChem sale limiting financial flexibility
- Analyst downgrades on oil price expectations (JP Morgan downgrade in Dec 2025 to $44 target)

Methodology

Occidental Petroleum Corporation's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 22 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.