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Occidental Petroleum Stock Has Pulled Back 10% From Its 2026 High

Occidental Petroleum Stock Has Pulled Back 10% From Its 2026 High

Key Stats for Occidental Petroleum Stock

  • Current Price: $60.58
  • Target Price (Mid): ~$58
  • Street Target: ~$64
  • Potential Total Return (Mid): ~(4%)
  • Annualized IRR: ~(1%) / year
  • Earnings Reaction (Q4 2025): +9.38% (February 18, 2026)

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What Happened?

Energy stocks are recalibrating. Occidental Petroleum (OXY) climbed as much as 58% year-to-date in 2026, then gave back ground fast. When Iran and the U.S. reached a ceasefire framework in mid-April and the Strait of Hormuz reopened to commercial shipping, crude oil fell sharply, and OXY dropped 5.42% on April 17 alone. 

The stock now sits at…

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