Occidental Petroleum Corporation (OXY)

New York Stock Exchange:
OXY
| Latest update: Oct 15, 2025, 5:05 PM

Stock events for Occidental Petroleum Corp. (OXY)

Occidental Petroleum's stock price has been influenced by several key events and analyst activities. The announcement of the OxyChem division sale to Berkshire Hathaway for $9.7 billion led to a negative market reaction, with shares falling more than 6%. Mizuho upgraded OXY from 'Neutral' to 'Outperform', while other firms adjusted price targets. Occidental continued to generate substantial cash flow, with $3.0 billion in operating cash flow in Q2 2025 and repaid $3.0 billion of debt year-to-date through Q2 2025.

Demand Seasonality affecting Occidental Petroleum Corp.’s stock price

The demand seasonality for Occidental Petroleum's products and services is primarily influenced by global supply and demand dynamics for crude oil, natural gas, and chemical products. Oil and gas pricing is heavily influenced by global economic conditions, geopolitical tensions, and OPEC production decisions. Chemical prices correlate to the strength of the United States and global economies, as well as chemical industry expansion and contraction cycles. The sale of OxyChem will make Occidental more susceptible to commodity price volatility.

Overview of Occidental Petroleum Corp.’s business

Occidental Petroleum Corporation (OXY) is an international energy company focused on hydrocarbon exploration and production, with a strategic pivot towards low-carbon ventures. The company's core business involves the exploration, development, and production of crude oil, natural gas liquids (NGLs), and natural gas. Occidental agreed to sell its OxyChem chemicals division to Berkshire Hathaway Inc. for $9.7 billion, marking a shift to concentrate on its core oil and gas operations and its growing carbon management businesses. Through Oxy Low Carbon Ventures (OLCV), Occidental is investing in carbon capture, utilization, and storage (CCUS) technologies, aiming for net-zero emissions by 2050.

OXY’s Geographic footprint

Occidental Petroleum has a broad geographic footprint, with significant operations in the United States and internationally. In the U.S., the company has a substantial presence in the Permian Basin, DJ Basin, and the offshore Gulf of Mexico. Internationally, Occidental operates in the Middle East and North Africa, including countries such as Oman, Qatar, and the United Arab Emirates. The company also has ventures in Latin America, specifically in Colombia and Ecuador.

OXY Corporate Image Assessment

Occidental Petroleum has focused on enhancing its brand reputation through sustainability initiatives and employee recognition. The company is investing in carbon capture, utilization, and storage (CCUS) technologies and aims for net-zero emissions by 2050. Occidental was recognized by CDP with an A- score for its climate disclosure and by U.S. News & World Report as one of the Best Companies to Work For. The sale of OxyChem is part of a strategic pivot to reduce debt and focus on core oil and gas and carbon management businesses.

Ownership

Occidental Petroleum is largely controlled by institutional shareholders, who own approximately 76.19% of the company's stock. Berkshire Hathaway Inc. holds the largest stake at 26.91%. Other major institutional owners include Vanguard Group Inc., Dodge & Cox, Blackrock Inc., and State Street Corp. Carl C. Icahn is the largest individual shareholder, owning 7.48% of the company.

Price Chart

$42.28

7.02%
(1 month)

Top Shareholders

Berkshire Hathaway, Inc.
28.23%
The Vanguard Group, Inc.
9.45%
Dodge & Cox
8.55%
BlackRock, Inc.
5.09%
State Street Corp.
4.16%
Geode Holdings Trust
1.93%
H&H International Investment LLC
1.44%
UBS Group AG
1.17%
Morgan Stanley
1.13%
Dimensional Holdings, Inc.
0.83%
Pacer Advisors, Inc.
0.80%
Northern Trust Corp.
0.76%
Fairfax Financial Holdings Ltd.
0.64%
Bank of America Corp.
0.61%
Invesco Ltd.
0.60%
The Charles Schwab Corp.
0.53%
The Bank of New York Mellon Corp.
0.45%
Smead Capital Management, Inc.
0.43%
FMR LLC
0.39%
Legal & General Group Plc
0.38%

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FAQ

What is the current stock price of Occidental Petroleum Corp.?

As of the latest update, Occidental Petroleum Corp.'s stock is trading at $42.28 per share.

What’s happening with Occidental Petroleum Corp. stock today?

Today, Occidental Petroleum Corp. stock is down by -7.02%, possibly due to news.

What is the market sentiment around Occidental Petroleum Corp. stock?

Current sentiment around Occidental Petroleum Corp. stock is positive, based on recent news, trading volume, and analyst opinions.

Is Occidental Petroleum Corp.'s stock price growing?

Over the past month, Occidental Petroleum Corp.'s stock price has decreased by -7.02%.

How can I buy Occidental Petroleum Corp. stock?

You can buy Occidental Petroleum Corp. stock through any brokerage platform, such as e.g., Robinhood, Fidelity, E*TRADE, by searching for the ticker symbol OXY

Who are the major shareholders of Occidental Petroleum Corp. stock?

Major shareholders of Occidental Petroleum Corp. include institutions such as Berkshire Hathaway, Inc. (28.23%), The Vanguard Group, Inc. (9.45%), Dodge & Cox (8.55%) ... , according to the latest filings.