$49.55
1.13% day before yesterday
NYSE, Nov 01, 09:00 pm CET
ISIN
US6745991058
Symbol
OXY

Occidental Petroleum Target price 2024 - Analyst rating & recommendation

Occidental Petroleum Classifications & Recommendation:

Buy
34%
Hold
63%
Sell
3%

Occidental Petroleum Price Target

Target Price $64.85
Price $49.57
Potential
Number of Estimates 26
26 Analysts have issued a price target Occidental Petroleum 2025 . The average Occidental Petroleum target price is $64.85. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 32 analysts: 11 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 27.50
21.85% 2.94%
EBITDA Margin 48.19% 50.90%
13.92% 5.63%
Net Margin 12.47% 11.29%
59.75% 9.43%

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

$27.5b
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. This is
0.73% lower
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than the revenue of the last 12 months(TTM). The highest sales forecast is
$28.8b 4.11%
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, the lowest is
$25.2b 9.01%
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.

This results in the following potential growth metrics:

Revenue Estimates

2023 $28.3b 21.85%
2024
$27.5b 2.94%
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2025
$29.1b 5.97%
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2026
$29.7b 2.07%
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2027
$29.6b 0.49%
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2028
$29.5b 0.36%
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22 Analysts have issued an Occidental Petroleum EBITDA forecast 2024. The average Occidental Petroleum EBITDA estimate is

$14.0b
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. This is
7.09% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
$15.0b 14.78%
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, the lowest is
$12.5b 4.17%
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.

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

EBITDA Estimates

2023 $13.7b 32.73%
2024
$14.0b 2.53%
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2025
$14.8b 5.97%
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2026
$15.7b 5.56%
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2027
$15.2b 2.83%
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2028
$16.8b 10.67%
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EBITDA Margin

2023 48.19% 13.92%
2024
50.90% 5.63%
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2025
50.90% 0.00%
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2026
52.64% 3.42%
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2027
51.40% 2.36%
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2028
57.09% 11.07%
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13 Occidental Petroleum Analysts have issued a net profit forecast 2024. The average Occidental Petroleum net profit estimate is

$3.1b
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. This is
15.56% lower
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
$3.6b 2.96%
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, the lowest is
$2.6b 28.82%
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.

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

Net Profit Estimates

2023 $3.5b 68.55%
2024
$3.1b 12.10%
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2025
$3.3b 6.43%
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2026
$3.6b 7.77%
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2027
$3.4b 5.14%
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2028
$4.0b 17.43%
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Net Margin

2023 12.47% 59.75%
2024
11.29% 9.43%
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2025
11.34% 0.44%
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2026
11.97% 5.56%
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2027
11.41% 4.68%
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2028
13.45% 17.88%
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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 3.43
68.55% 12.05%
P/E 14.46
EV/Sales 2.63

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

$3.43
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. This is
15.52% 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
$3.94 2.96%
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, the lowest is
$2.89 28.82%
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.

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

Earnings Per Share

2023 $3.90 68.55%
2024
$3.43 12.05%
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2025
$3.65 6.41%
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2026
$3.93 7.67%
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2027
$3.73 5.09%
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2028
$4.38 17.43%
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P/E ratio

Current 12.22 15.61%
2024
14.46 18.33%
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2025
13.59 6.02%
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2026
12.61 7.21%
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2027
13.29 5.39%
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2028
11.32 14.82%
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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 2.61 2.61%
2024
2.63 0.77%
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2025
2.48 5.63%
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2026
2.43 2.03%
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2027
2.44 0.49%
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2028
2.45 0.36%
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P/S ratio

Current 1.62 7.54%
2024
1.63 0.73%
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2025
1.54 5.63%
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2026
1.51 2.03%
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2027
1.52 0.49%
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2028
1.52 0.36%
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