JP Morgan has downgraded Occidental Petroleum Corp (OXY) to Underweight from Neutral as of December 7, 2025. The current price of the stock stands at $41.51.
This downgrade reflects a cautious outlook for the company, potentially due to competitive pressures, market conditions, or execution risks that may affect its performance. Occidental Petroleum, headquartered in Houston, Texas, engages in the exploration and production of oil and natural gas. The firm operates in the United States, including the Permian and DJ basins, and the offshore Gulf of Mexico. It has a market capitalization of $42.0 billion and a price-to-earnings ratio of 20.03, with a trailing twelve-month earnings per share of $2.10 and a dividend yield of 226.1%.
Analyst ratings, such as this recent downgrade, provide insights based on research and financial models. However, they should be viewed as one of many factors in investment decisions. The consensus among analysts currently stands at Hold, with 4 Strong Buy, 7 Buy, 17 Hold, and 3 Sell ratings.
Occidental Petroleum is set to report its upcoming earnings on August 4, 2026, with an earnings per share estimate of $0.35 and revenue expected to reach $5.4 billion. Recent performance has shown positive surprises in several quarters, including a 23% surprise in Q3 2025, where EPS reached $0.64 against an estimate of $0.52.
Analyst views can change as new information emerges, and differing opinions may arise among analysts regarding the same company.