# Occidental Petroleum Corporation – Consensus ‘hold’ rating and 35.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/occidental-petroleum-corporation-consensus-hold-rating-and-35.3-upside-potential/4121172528
- Published: 2024-09-30T14:02:37+01:00
- Author: Charlotte Edwards

**Occidental Petroleum Corporation** with ticker code (OXY) have now 23 confirmed
analysts covering the stock with the consensus suggesting a rating of ‘hold’. The
target price High/Low ranges between $85.00 and $53.00 calculating the average target
price we see $67.52. Given that the stocks previous close was at $49.91 this would
imply there is now a potential upside of 35.3%. It’s also worth noting that there
is a 50 day moving average of $55.88 and the 200 day MA is $60.29. The company has
a market capitalization of 46.75B. The current share price for the company is: $
51.03 USD

 The potential market cap would be $63,249,816,387 based on the market consensus.

The company has a dividend yield of 0.89%. Other points of data to note are a P/
E ratio of 13.22, revenue per share of $30.61 and a 4.54% return on assets.

Occidental Petroleum Corporation is an international energy company with assets 
primarily in the United States, the Middle East and North Africa. The Company operates
through three segments: oil and gas, chemical and midstream and marketing. The oil
and gas segment explores for, develops and produces oil, which includes condensate,
natural gas liquids (NGL) and natural gas. The chemical segment primarily manufactures
and markets basic chemicals and vinyl’s. The midstream and marketing segment purchases,
markets, gathers, processes, transports, and stores oil, NGL, natural gas, carbon
dioxide (CO2) and power. Midstream and marketing segment also includes Occidental’s
low-carbon venture businesses (OLCV). OLCV develops carbon capture, utilization 
and storage (CCUS) projects, including the commercialization of DAC technology, 
and invests in other low-carbon technologies intended to reduce GHG emissions from
its operations and partners with other industries to help reduce their emissions.

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