OXY Stock Forecast for the Next 12 Months is $78
OXY Stock Forecast for the next 12 months is $78.
OXY Stock Forecast: Latest Price
Occidental Petroleum Corporation Performance Chart
| 5 days | 1 Month | YTD | |
| OXY Stock | +8.8% | -4.2% | +106.3% |
| Brent Crude | +7.3% | -3.9% | +15.0% |
Oxy Stock Forecast: Latest News
- Warren Buffet bought 6 million shares: Warren Buffet’s Berkshire Hathaway bought 6 million shares of Oxy worth $368 million increasing his stake to 21%. This shows that the stock can be considered a long-term investment.
- Oxy and 1PointFive to begin direct air capture plant: Oxy and 1PointFive have announced to begin of construction of the world’s largest direct air capture plant in the Texas Permian Basin. This plant will capture large-scale carbon which reduces emissions and can be safely sequestered. It is expected to capture up to 500,000 metric tons of carbon dioxide per year.
- Rising Crude Oil Prices- Crude Prices are rising again on account of refinery transitions in the US as well as OPEC Oil Output cut.
Oxy Stock Forecast: Q2 Results
- The company released its Quarter 2 (which ended on June 30, 2022) in August.
- Its total revenue was declared as $10.6 billion, up 80% y-y.
- Its net income was declared as $3.7 billion, up 3545% y-y.
- Its operating income was $4.7 billion, up 726% y-y.
- Its diluted earnings per share (EPS) were declared as $3.47, up 3570% y-y.
- The company repaid its $4.8 billion of debt, which represents 19% of the total outstanding principal.
Oxy Stock Forecast: Price Target
| Overall Average | $77.5 |
| Piper Sandler | $92 |
| Citigroup | $67 |
| Morgan Stanley | $76 |
| Barclays | $75 |
OXY Stock Forecast Today
| Overall Outlook | Partially Negative |
| Market Wisdom | Partially Positive |
| Market Data | Neutral |
| Technical Indicator | Buy |
| Crowd’s Wisdom | Negative |
| Social Media Sentiment | Lower |
| Google Search | Lower |
Oxy Stock Forecast: Google Trends
Google Search Volume for OXY is Lower than yesterday.
OXY Stock Forecast: Latest Tweets
Also Read: Plug Stock Forecast
–Vineet Agarwal
Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions
