Susquehanna raised target to USD 77 for Occidental Petroleum stock
Published on 10/29/2026 at 12:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst view and market context
- Susquehanna raised its Occidental Petroleum target from USD 70.00 to USD 77.00 on October 20, 2026.
- The analyst note lifted 2026 oil assumptions to USD 84.00 per barrel from USD 80.00.
- Occidental Petroleum stock traded at EUR 56.80 at 12:30 p.m. Berlin time on October 29, 2026.
Occidental Petroleum (ISIN US6745991058) remains framed by Susquehanna's USD 77.00 price target after the firm raised its previous USD 70.00 target on October 20, 2026. MarketBeat reports that Susquehanna maintained a Positive rating, while the broader consensus remained Hold with a USD 67.46 target.
Oil assumptions set the context
The target change was tied to an updated exploration and production model rather than a new company filing. According to Markets Insider, the note raised its 2026 oil price assumption to USD 84.00 per barrel from USD 80.00. The report also cited higher third-quarter pricing and continued disruptions in the Strait of Hormuz as factors behind the change.
The same note reduced its natural-gas price assumptions for 2026, reflecting softer gas pricing, but retained a constructive long-term view. That combination leaves the USD 77.00 target dependent on both crude pricing and the company's execution across its exploration and production operations.
Target versus consensus
Susquehanna's USD 77.00 target is USD 9.54 above the USD 67.46 consensus target cited by MarketBeat. The difference is a valuation gap between one bullish analyst view and the broader analyst distribution, not a guaranteed return.
MarketBeat also reported that Occidental's latest reported quarter generated USD 8.06 billion in revenue and adjusted earnings per share of USD 2.40, compared with consensus earnings per share of USD 1.83. Those figures provide the operating backdrop for the target revision, while the next company report will test whether production and pricing supported the model.
Stock price and investor context
At Lang & Schwarz, Occidental Petroleum stock traded at EUR 56.80 on October 29, 2026 at 12:30 p.m. Berlin time. The company remains an energy producer with oil, natural-gas and chemicals operations, and its market value was USD 62.8 billion in the latest finance snapshot.
The further course of trading is shown by the continuously updated real-time quote of Occidental Petroleum stock.
Occidental Petroleum stock facts
- Company: Occidental Petroleum Corporation
- ISIN: US6745991058
- Ticker: OXY
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 29, 2026, 12:30 p.m. Berlin time): EUR 56.80
- Market capitalization: USD 62.8 billion (as of October 28, 2026)
- 52-week range: USD 38.80-67.45 (as of October 28, 2026)
- Sector / Industry: Energy / Oil and Gas Exploration and Production
Market context: Market report S&P 500.
