Why Occidental Petroleum Corporation’s (OXY) Stock Is Up 9.96%

By Cynthia McLaughlin
March 29, 2026
Featured Tickers:
OXY

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Occidental Petroleum Corporation before investing.

In this article, we go over a few key elements for understanding Occidental Petroleum Corporation’s stock price such as:

  • Occidental Petroleum Corporation’s current stock price and volume
  • Why Occidental Petroleum Corporation’s stock price changed recently
  • Upgrades and downgrades for OXY from analysts
  • OXY’s stock price momentum as measured by its relative strength

About Occidental Petroleum Corporation (OXY)

Before we jump into Occidental Petroleum Corporation’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.

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Occidental Petroleum Corporation’s Stock Price as of Market Close

As of March 27, 2026, 4:00 PM, CST, Occidental Petroleum Corporation’s stock price was $65.320.

Occidental Petroleum Corporation is up 1.49% from its previous closing price of $64.360.

During the last market session, Occidental Petroleum Corporation’s stock traded between $64.230 and $66.000. Currently, there are approximately 988.00 million shares outstanding for Occidental Petroleum Corporation.

Occidental Petroleum Corporation’s price-earnings (P/E) ratio is currently at 48.4, which is high compared to the Oil, Gas & Consumable Fuels industry median of 17.3. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Occidental Petroleum Corporation Stock Price History

Occidental Petroleum Corporation’s (OXY) price is currently up 23.06% so far this month.

During the month of March, Occidental Petroleum Corporation’s stock price has reached a high of $66.000 and a low of $52.050.

Over the last year, Occidental Petroleum Corporation has hit prices as high as $66.000 and as low as $34.785. Year to date, Occidental Petroleum Corporation’s stock is up 58.85%.

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What Caused Occidental Petroleum Corporation Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 27, 2026, there was 1 analyst who downgraded Occidental Petroleum Corporation’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Occidental Petroleum Corporation’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Occidental Petroleum Corporation’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Occidental Petroleum Corporation’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Occidental Petroleum Corporation (OXY) by visiting AAII Stock Evaluator.

Relative Price Strength of Occidental Petroleum Corporation

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 27, 2026, Occidental Petroleum Corporation has a weighted four-quarter relative price strength of 24.03%, which translates to a Momentum Score of 91 and is considered to be Very Strong.

Want to learn more about how Occidental Petroleum Corporation is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Occidental Petroleum Corporation Stock Price: Bottom Line

As of March 27, 2026, Occidental Petroleum Corporation’s stock price is $65.320, which is up 1.49% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Occidental Petroleum Corporation stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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