Occidental Petroleum stock: Susquehanna raises target to USD 77

Published on 10/30/2026 at 11:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Occidental Petroleum stock is in focus after Susquehanna revised its outlook in a third-quarter earnings preview. The firm retained a Positive rating.

Analyst target and oil outlook

Susquehanna kept a Positive rating while lifting its price objective for Occidental Petroleum.
The Q3 preview reflects stronger oil assumptions and softer natural-gas pricing expectations.
Occidental Petroleum is due to report its next quarterly results on November 9, 2026.

Occidental Petroleum, US6745991058, Illustration mit AI erstellt.

Susquehanna analyst Charles Minervino raised the firm's price target for Occidental Petroleum to USD 77 from USD 70 on October 20, while retaining a Positive rating, according to Markets Insider, which cited TipRanks.

The brokerage updated its exploration and production models ahead of Occidental's third-quarter earnings. Its 2026 oil-price assumption rose to USD 84 per barrel from USD 80, reflecting higher third-quarter pricing and continued disruptions in the Strait of Hormuz.

Oil supports the revised view

Susquehanna also reduced its natural-gas pricing assumptions slightly because of weaker third-quarter gas pricing. The analyst nevertheless remained bullish on the longer-term gas outlook, leaving the revised view dependent on a stronger oil backdrop alongside a more cautious near-term gas assessment.

Occidental Petroleum stock traded at EUR 57.09 on Lang & Schwarz at 11:46 CET on Friday, October 30, 2026. Investors can follow the real-time quote of Occidental Petroleum stock for the latest market indication.

The target revision adds to a series of analyst updates ahead of the company's results. It offers investors a reference point for how higher crude prices may affect expectations, but the assessment remains sensitive to realized prices, production and the timing of the next earnings release.

Next results due November 9

Occidental Petroleum is scheduled to report its next quarterly results on November 9, 2026. The release should provide the next company-specific test of the oil-price assumptions behind the revised analyst model.

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More news and analyses on Occidental Petroleum stock.