Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?

Up 58% in 2026, Is It Too Late to Buy Occidental Petroleum?

Quick Read Occidental Petroleum (OXY) has surged 57% year-to-date to $65.28, trading at a forward P/E of 20x, and well above analyst consensus targets of $58.42, while debt fell $5.8B following the January 2026 OxyChem sale to Berkshire Hathaway and 2025 operating cash flow reached $10.5B. WTI crude prices near $89-98 per barrel are driving Occidental’s profit expansion as the company’s wells break even below $50 per barrel, and earnings momen…