Occidental Petroleum Corporation – Consensus ‘hold’ rating and 18.1% Upside Potential

Broker Ratings
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Occidental Petroleum Corporation which can be found using ticker (OXY) now have 21 analysts in total covering the stock. The consensus rating is pointing to ‘hold’. The range between the high target price and low target price is between $90.00 and $63.00 with the average target price sitting at $72.62. Given that the stocks previous close was at $61.48 this would imply there is now a potential upside of 18.1%. The 50 day moving average now sits at $62.15 and the 200 day MA is $61.72. The market capitalization for the company is 54.26B. The stock price is currently at: $61.20 USD

The potential market cap would be $64,094,338,747 based on the market consensus.

The company has a dividend yield of 0.89%. Other points of data to note are a P/E ratio of 17.69, revenue per share of $30.52 and a 4.44% return on assets.

Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company operates through three segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil, which includes condensate, natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures and markets basic chemicals and vinyl’s. The midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil, NGL, natural gas, carbon dioxide (CO2) and power. Midstream and marketing segment also includes Occidental’s low-carbon venture businesses (OLCV). OLCV develops carbon capture, utilization and storage (CCUS) projects, including the commercialization of DAC technology, and invests in other low-carbon technologies intended to reduce GHG emissions from its operations and partners with other industries to help reduce their emissions.

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