Occidental Petroleum stock falls as oil prices retreat
Published on 09/22/2026 at 14:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Occidental Petroleum stock (ISIN US6745991058) closed at USD 58.84 on the NYSE on September 18, 2026, after falling 2.7 percent during the September 21 session to USD 57.25. The decline followed weaker crude prices, while the stock remained below its 52-week high of USD 67.45 and above its low of USD 38.80.
Oil prices set the market tone
Crude prices supplied the immediate market context on September 22, 2026. Brent futures fell to USD 98.33, down 2.0 percent, while West Texas Intermediate declined to USD 93.28, a 2.61 percent drop, according to Business Times on September 22, 2026. For an oil producer, that commodity move is a direct counter-factor to the earnings leverage shown in the latest reported quarter.
The September 21 trading session also produced elevated activity. Volume reached 8,445,617 shares, compared with an average of 7.16 million shares, while the closing level stood USD 9.20 below the 52-week high and USD 18.45 above the 52-week low.
Q2 FY26 delivered higher earnings
Occidental Petroleum generated quarterly revenue of USD 8.33 billion in Q2 FY26, with earnings of USD 2.81 billion and a reported profit margin of 33.71 percent, according to Ad-hoc News on September 21, 2026. MarketBeat reported quarterly EPS of USD 2.40, which was USD 0.57 above the USD 1.83 consensus estimate, while revenue increased 53.4 percent year over year.
That comparison is the key operating signal: Q2 FY26 revenue growth and the EPS beat point to substantial earnings power, but the September 21 share-price decline shows how quickly crude-market expectations can outweigh company-specific results.
UBS raises target to USD 67
UBS kept a Neutral rating on Occidental Petroleum and raised its 12-month price target from USD 59 to USD 67 in an update dated September 14, 2026, as reported by Ad-hoc News. MarketBeat listed a Hold consensus based on 10 Buy and 17 Hold recommendations, with an average price target of USD 65.17 on September 18, 2026.
Stock stays below yearly high
Occidental Petroleum stock stood at USD 58.84 at the latest completed closing price, while market capitalization was USD 58.81 billion as of September 18, 2026. The valuation remains tied to two opposing data points: Q2 FY26 EPS exceeded consensus by USD 0.57, while the latest oil-price retreat pressured the share price.
Occidental Petroleum key data
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Trading venue: NYSE
- Price (as of September 18, 2026): USD 58.84
- Market capitalization: USD 58.81 billion (as of September 18, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
- Index membership: S&P 500
