$50.53
0.18% today
NYSE, Nov 26, 03:15 pm CET
ISIN
US6745991058
Symbol
OXY

Occidental Petroleum Target price 2024 - Analyst rating & recommendation

Occidental Petroleum Classifications & Recommendation:

Buy
32%
Hold
65%
Sell
3%

Occidental Petroleum Price Target

Target Price $63.50
Price $50.44
Potential
Number of Estimates 26
26 Analysts have issued a price target Occidental Petroleum 2025 . The average Occidental Petroleum target price is $63.50. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 31 analysts: 10 Analysts recommend Occidental Petroleum to buy, 20 to hold and 1 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the Occidental Petroleum stock has an average upside potential 2025 of . Most analysts recommend the Occidental Petroleum stock at Hold.

Sales and Margin forecast 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Revenue Billion $ 28.33 27.18
21.85% 4.07%
EBITDA Margin 48.19% 52.02%
13.92% 7.95%
Net Margin 12.91% 12.01%
59.75% 7.01%

15 Analysts have issued a sales forecast Occidental Petroleum 2024 . The average Occidental Petroleum sales estimate is

$27.2b
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. This is
1.22% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$28.3b 2.89%
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, the lowest is
$26.1b 5.13%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $28.3b 21.85%
2024
$27.2b 4.07%
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2025
$28.7b 5.74%
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2026
$29.7b 3.46%
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2027
$29.5b 0.66%
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2028
$29.3b 0.95%
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22 Analysts have issued an Occidental Petroleum EBITDA forecast 2024. The average Occidental Petroleum EBITDA estimate is

$14.1b
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. This is
6.93% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$15.3b 15.81%
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, the lowest is
$13.0b 1.74%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2023 $13.7b 32.73%
2024
$14.1b 3.56%
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2025
$14.9b 5.27%
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2026
$15.8b 5.91%
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2027
$15.7b 0.51%
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2028
$16.1b 2.60%
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EBITDA Margin

2023 48.19% 13.92%
2024
52.02% 7.95%
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2025
51.79% 0.44%
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2026
53.01% 2.36%
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2027
53.10% 0.17%
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2028
55.00% 3.58%
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13 Occidental Petroleum Analysts have issued a net profit forecast 2024. The average Occidental Petroleum net profit estimate is

$3.3b
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. This is
9.43% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.9b 9.37%
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, the lowest is
$2.9b 18.28%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2023 $3.7b 68.55%
2024
$3.3b 10.82%
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2025
$3.1b 3.81%
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2026
$3.7b 17.74%
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2027
$3.9b 6.50%
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2028
$4.5b 14.18%
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Net Margin

2023 12.91% 59.75%
2024
12.01% 7.01%
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2025
10.92% 9.08%
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2026
12.43% 13.83%
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2027
13.32% 7.16%
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2028
15.36% 15.32%
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Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 to 2028

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Quarter Annually
Dec '23 2024
Estimates
Earnings Per Share $ 3.90 3.48
68.55% 10.77%
P/E 14.50
EV/Sales 3.01

13 Analysts have issued a Occidental Petroleum forecast for earnings per share. The average Occidental Petroleum <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

$3.48
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. This is
9.38% lower
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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is
$4.20 9.38%
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, the lowest is
$3.14 18.23%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2023 $3.90 68.55%
2024
$3.48 10.77%
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2025
$3.35 3.74%
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2026
$3.94 17.61%
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2027
$4.20 6.60%
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2028
$4.79 14.05%
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P/E ratio

Current 13.14 0.30%
2024
14.50 10.35%
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2025
15.08 4.00%
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2026
12.81 15.05%
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2027
12.02 6.17%
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2028
10.53 12.40%
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Based on analysts' sales estimates for 2024, the Occidental Petroleum stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 2.97 6.83%
2024
3.01 1.27%
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2025
2.84 5.43%
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2026
2.75 3.35%
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2027
2.77 0.67%
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2028
2.79 0.96%
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P/S ratio

Current 1.72 4.82%
2024
1.74 1.23%
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2025
1.65 5.43%
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2026
1.59 3.35%
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2027
1.60 0.67%
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2028
1.62 0.95%
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