Occidental Petroleum Corporatio with ticker code (OXY) now have 23 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The target price ranges between 88 and 36 calculating the mean target price we have 68.09. Given that the stocks previous close was at 61.47 this now indicates there is a potential upside of 10.8%. The 50 day MA is 52.65 while the 200 day moving average is 35.79. The market capitalisation for the company is $55,465m. Visit the company website at: https://www.oxy.com
The potential market cap would be $61,438m based on the market concensus.
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, Africa, and Latin America. It operates through three segments: Oil and Gas, Chemical, and Midstream and Marketing. The company’s Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Its Chemical segment manufactures and markets basic chemicals, including chlorine, caustic soda, chlorinated organics, potassium chemicals, ethylene dichloride, chlorinated isocyanurates, sodium silicates, and calcium chloride; vinyls comprising vinyl chloride monomer, polyvinyl chloride, and ethylene. The Midstream and Marketing segment gathers, processes, transports, stores, purchases, and markets oil, condensate, NGLs, natural gas, carbon dioxide, and power. This segment also trades around its assets consisting of transportation and storage capacity; and invests in entities. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
