How Does Occidental Petroleum's Share Performance Stack Up Against Other Oil & Gas Exploration and Production Companies?

Occidental Petroleum: Company Overview

Occidental Petroleum Corporation (OXY), with a market capitalization of $53.5 billion, is a global energy enterprise specializing in acquiring, exploring, and developing oil and gas assets both in the United States and abroad. The company operates through two primary divisions: Oil and Gas, as well as Midstream and Marketing.

Stocks with valuations exceeding $10 billion are typically classified as large-cap, and Occidental Petroleum fits this category. The Oil and Gas division is responsible for the exploration, extraction, and production of oil, condensate, natural gas liquids, and natural gas, while also enhancing transportation and storage capabilities.

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Occidental Petroleum’s share price has dropped 4.7% from its 52-week peak of $56.34. However, over the last quarter, OXY stock surged 26.5%, outperforming the State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP), which saw a 16.5% increase during the same period.

Year-to-date, OXY shares have climbed 30.5%, exceeding XOP’s 25.9% growth. Looking at the past year, Occidental Petroleum’s stock has risen 15.6%, while XOP delivered a 27.6% return, indicating OXY’s performance has lagged behind the ETF over the longer term.

Since January, OXY shares have consistently traded above both their 50-day and 200-day moving averages.

Following the release of its fourth-quarter 2025 results on February 18, Occidental Petroleum’s stock jumped 9.4%. The company reported an adjusted earnings per share of $0.31, beating expectations, even though realized oil prices averaged $59.22 per barrel. The positive results were largely attributed to a significant recovery in the midstream segment, which generated $204 million in pre-tax income compared to a $123 million loss the previous year. This turnaround was supported by improved gas margins in the Permian Basin, reduced transportation expenses, and higher sulfur prices at Al Hosn.

Meanwhile, competitor ConocoPhillips (COP) has trailed OXY’s performance year-to-date, with COP shares up 26.6%. Over the past 52 weeks, however, COP stock has advanced nearly 28%, surpassing OXY’s gains.

Given Occidental Petroleum’s underwhelming performance over the past year, analysts remain cautious. The stock currently holds a “Hold” consensus rating from 27 analysts, and is trading above the average price target of $52.08.