Wells Fargo has initiated coverage on Occidental Petroleum Corp (OXY) with an Underweight rating as of October 16, 2025. The current price of OXY shares stands at $41.85. This marks the firm's first assessment of the company's investment potential, based on its research into the business, industry dynamics, and growth prospects.
Occidental Petroleum, a Houston-based energy company, engages in the exploration and production of oil and natural gas. The firm operates in the U.S. and is a key producer in the Permian and DJ basins, as well as the offshore Gulf of Mexico. The company has a market capitalization of $40.1 billion and a P/E ratio of 16.69, with a trailing EPS of $2.43 and a dividend yield of 238.2%.
Upcoming earnings reports are scheduled for May 4, 2026, and August 3, 2026, with estimated EPS of $0.69 and $0.67, respectively. Recent earnings performance has shown positive surprises, including a Q3 2025 EPS of $0.64 compared to an estimate of $0.52, reflecting a 23.0% surprise.
The analyst consensus as of November 1, 2025, indicates 4 Strong Buy, 7 Buy, 17 Hold, 3 Sell, and no Strong Sell ratings, suggesting a general Hold sentiment among analysts. Analyst ratings can evolve with new information, and different analysts may hold varying views on the same company.