Occidental Petroleum stock edges lower as oil prices slide and UBS lifts its target

Occidental Petroleum Corporation stock (ISIN US6745991058) closed at USD 58.84 on the NYSE on September 18, 2026, down 0.8 percent from the prior session and leaving the shares about 10.8 percent below the consensus analyst price target of USD 65.17 as compiled by MarketBeat and Yahoo Finance data.

UBS raises price target while consensus stays at Hold

According to Yahoo Finance on September 20, 2026, UBS maintained its Neutral rating on Occidental Petroleum but raised its 12-month price target from USD 59 to USD 67 in an update dated September 14, 2026, implying upside of about 13.9 percent from the September 18 closing price of USD 58.84.

As MarketBeat reports, Occidental Petroleum currently carries a consensus rating of Hold based on 10 Buy and 17 Hold recommendations, with an average price target of USD 65.17, roughly 10.8 percent above the September 18, 2026, closing price of USD 58.84.

Q2 FY26 results show strong year-over-year growth

Per Yahoo Finance data for Q2 FY26, Occidental Petroleum generated quarterly revenue of USD 8.33 billion and earnings of USD 2.81 billion, corresponding to a profit margin of 33.71 percent for the period.

According to MarketBeat, the company reported earnings per share (EPS) of USD 2.40 for the latest quarter, beating the consensus estimate of USD 1.83 by USD 0.57, while quarterly revenue increased 53.4 percent year over year, underlining the operating leverage from higher production and realized prices.

On a trailing twelve-month basis, Yahoo Finance lists Occidental Petroleum with revenue of USD 23.93 billion and net income attributable to common shareholders of USD 3.40 billion, translating into diluted EPS of USD 3.39 and a net margin of 30.32 percent, figures that frame the Q2 FY26 performance in a broader profitability context.

Valuation and oil price backdrop

As MarketBeat highlights, Occidental Petroleum trades at a price-to-earnings ratio of 9.11, notably below a cited broader market average P/E ratio of about 44.67, underscoring that investors currently assign the stock a discount valuation relative to the wider equity market despite the strong recent earnings beat.

The same overview from MarketBeat notes net margins of 28.36 percent and a return on equity of 15.31 percent, metrics that point to solid profitability even as earnings growth is expected to decrease by 32.10 percent in the coming year, from USD 6.20 to USD 4.21 per share according to analyst forecasts.

For investors, the macro backdrop matters: WTI crude (USOIL) was quoted down 2.21 percent at USD 93.884, with a seven-day decline of 6.12 percent as of September 21, 2026, according to TradingKey, while Brent crude (UKOIL) was down 2.04 percent at USD 97.90 over the same period, a short-term headwind for oil producers like Occidental that ties the stock’s near-term trajectory closely to commodity price swings.

Stock level and trading metrics

Based on Yahoo Finance, Occidental Petroleum shares recently traded around USD 58.84, with a 52-week range between USD 38.80 and USD 67.45, positioning the current level roughly midway between the yearly low and high and leaving a modest gap to the top of the band.

The same data set shows a market capitalization of about USD 58.81 billion and recent daily volume of approximately 14.20 million shares compared with an average volume of 7.16 million shares, indicating elevated trading interest in the stock around September 18, 2026, as investors digest the Q2 FY26 results and updated analyst targets.

For context, an example valuation snapshot in a recent overview cited Occidental Petroleum at about USD 58.88 per share and roughly 12 times forward price-to-earnings, a level that reflects both the current earnings power and expectations for the projected decline in EPS over the coming year.

Occidental Petroleum stock price and key data

Occidental Petroleum stock last closed at USD 58.84 on the NYSE on September 18, 2026, with a daily loss of 0.76 percent from the prior close according to Yahoo Finance price data; this closing level is about 12.8 percent below the 52-week high of USD 67.45 and 51.6 percent above the 52-week low of USD 38.80, underscoring the stock’s recovery over the past year yet remaining room to the top of its recent trading corridor.

More news and analyses on Occidental Petroleum stock