Occidental Petroleum Corporatio with ticker code (OXY) now have 26 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 100 and 61 with a mean TP of 75.66. Now with the previous closing price of 63.5 this indicates there is a potential upside of 19.1%. The 50 day moving average now sits at 64.98 and the 200 moving average now moves to 64.84. The market cap for the company is $56,780m. You can visit the company’s website by visiting: https://www.oxy.com
The potential market cap would be $67,653m 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.