Occidental Petroleum (OXY) stock price, news and key stats

Price

Last close as of Sep 16, 2026. Delayed data; not a live quote.

Previous close

$63.52

Open

$62.40

Day range

$59.31 – $62.40

Volume

11.5M

About Occidental Petroleum

Latest OXY news

• LA, Orange County gas prices increase for 27th straight day
  Oil & Gas · Sep 15, 2026

  Gas prices in Los Angeles and Orange County have surged for the 27th consecutive day, with the average cost of a gallon of self-serve regular gasoline in Los Angeles County reaching $5.912. This marks the highest price level since early June, reflecting a steady upward trend that has raised concerns among consumers and analysts alike. The increase of six-tenths of a cent on Tuesday underscores the ongoing volatility in the fuel market, driven by a combination of factors including rising crude oil prices, supply chain disruptions, and seasonal demand fluctuations. Market analysts suggest that the prolonged rise in gas prices could have broader economic implications, particularly as consumers face higher transportation costs. This may lead to reduced discretionary spending in other areas, potentially impacting retail sales and overall economic growth in the region. Additionally, the sustained increase in fuel prices could prompt further scrutiny from policymakers, who may consider measures to alleviate the financial burden on consumers. As the situation develops, stakeholders in the energy sector will be closely monitoring crude oil prices and geopolitical factors that could influence supply. The current trend indicates that unless there is a significant shift in market dynamics, consumers in Southern California may continue to face elevated gas prices in the near term.

• United States on track for record crude oil production in 2026
  EIA Energy · Sep 10, 2026

  The United States is poised to achieve a record crude oil production level of 13.8 million barrels per day (MMbpd) by 2026, according to the latest projections from the Energy Information Administration (EIA). This anticipated increase is largely driven by sustained higher oil prices, which are incentivizing drilling activities in the Permian Basin and expanding offshore production in the Gulf of Mexico. The EIA's short-term energy outlook, released on August 11, highlights the significant role of these regions in bolstering U.S. output. In recent months, U.S. crude oil production has already reached impressive levels, peaking at 13.93 MMbpd in April, marking the highest output on record. Although there was a slight decline of about 2% in May, the overall trend indicates a robust recovery and growth trajectory for U.S. oil production. Furthermore, exports have also hit record highs, reflecting strong global demand for American crude, which could further influence market dynamics as production ramps up. The implications of this forecast are significant for both domestic and global oil markets. Increased U.S. production could lead to greater competition for OPEC+ nations, potentially exerting downward pressure on global oil prices. Additionally, the anticipated rise in output may enhance energy security for the U.S. while also impacting geopolitical considerations in oil-rich regions. As the market adjusts to these developments, stakeholders will be closely monitoring the interplay between production levels, pricing, and international supply chains.

• Forget Occidental Petroleum. Buy This Pipeline Stock in September Instead.
  Oil & Gas · Sep 8, 2026

  Investors looking for stability in the energy sector are being advised to consider The Williams Companies over Occidental Petroleum this September. Williams, a leader in natural gas infrastructure, offers a more resilient investment profile compared to the volatility often associated with upstream oil companies like Occidental. With its extensive network of pipelines and processing facilities, Williams is well-positioned to benefit from the ongoing demand for natural gas, particularly as the energy transition continues to unfold. Market analysts highlight that the current environment, characterized by fluctuating oil prices and geopolitical uncertainties, makes pipeline stocks like Williams more attractive. Unlike upstream companies that are heavily influenced by crude oil price swings, Williams generates stable cash flows through long-term contracts and fee-based revenue models. This stability is particularly appealing to investors seeking reliable dividends and lower risk exposure in a turbulent market. As the energy landscape evolves, the focus on cleaner energy sources is likely to bolster demand for natural gas, further enhancing Williams' growth prospects. With its strategic investments in infrastructure and commitment to sustainability, The Williams Companies may emerge as a more prudent choice for investors looking to navigate the complexities of the energy market this fall.

• U.S. oil prices reach highest level in over three months after Saudi Arabia says civilian and energy sites struck
  MarketWatch · Sep 8, 2026

  U.S. oil prices surged to their highest levels in over three months following reports of attacks on civilian and energy sites in Saudi Arabia by Houthi rebels. The escalation in regional tensions has raised concerns about potential disruptions to oil supply, prompting a rally in crude oil markets. West Texas Intermediate (WTI) crude rose significantly, reflecting the market's sensitivity to geopolitical developments in the Middle East, a critical hub for global oil production. The Saudi-led coalition's announcement of injuries from the attacks has further fueled fears of retaliatory actions that could impact oil exports. Analysts suggest that sustained tensions could lead to increased volatility in oil prices, as traders remain vigilant about the potential for supply chain disruptions. With the global economy still navigating the effects of inflation and energy demand fluctuations, any significant changes in oil supply could have broader implications for market stability and inflationary pressures.

• 3 Oil And Gas Stocks With Direct Crude Price Exposure
  Oil & Gas · Sep 7, 2026

  Crude oil prices have surged above $90 a barrel, driven by supply disruptions in the Middle East following recent U.S. and Israeli military actions against Iran. This spike has heightened investor interest in oil and gas stocks, particularly those with direct exposure to crude price fluctuations. Among the key players benefiting from this environment are ExxonMobil, Chevron, and Occidental Petroleum, each poised to capitalize on the current market dynamics. Occidental Petroleum stands out as the most sensitive to oil price volatility, making it a compelling option for investors looking to leverage rising crude prices. The company's operations are heavily influenced by changes in oil prices, which could lead to significant revenue gains in the current climate. Meanwhile, ExxonMobil and Chevron have also reported strong performances this year, with ExxonMobil showing particularly impressive results, reflecting its robust operational efficiency and strategic positioning in the market. As geopolitical tensions persist and supply concerns loom, these oil stocks are likely to remain in focus for investors. The elevated crude prices not only enhance the profitability of these companies but also signal potential for further investment in the sector. Market participants will be closely monitoring developments in the Middle East, as any escalation could further impact oil supply and prices, thereby influencing the performance of these key stocks.

• US presses Iran sanctions driving oil prices higher
  Geopolitics · Sep 4, 2026

  The United States has intensified its sanctions against Iran, aiming to curtail the country's oil exports and further isolate its economy. This move comes as part of a broader strategy to counter Iran's influence in the Middle East and address concerns over its nuclear program. As a result, oil prices have seen a notable uptick, with Brent crude rising by approximately 3% in the wake of the announcement, reflecting market anxieties over potential supply disruptions. Analysts suggest that the sanctions could exacerbate existing supply constraints in the global oil market, particularly as demand remains robust in the wake of recovering economies post-pandemic. The tightening of Iranian oil supplies, which had already been significantly reduced due to previous sanctions, could lead to increased volatility in oil prices. Market participants are closely monitoring the situation, as further escalations could prompt additional price surges, impacting inflation rates and economic recovery efforts worldwide.

• Graham’s Russia Sanctions Bill Stalls in House Over Fuel Price and Tariff Concerns - Межа. Новини України.
  Geopolitics · Sep 4, 2026

  A proposed sanctions bill targeting Russia, spearheaded by Senator Lindsey Graham, has stalled in the House of Representatives due to concerns over its potential impact on fuel prices and tariffs. Lawmakers are apprehensive that the stringent measures could exacerbate already high energy costs for American consumers and businesses, particularly as the nation grapples with inflationary pressures. The bill aimed to impose further restrictions on Russian oil and gas exports, a move intended to weaken the Kremlin's financial resources amid ongoing geopolitical tensions. The delay in advancing the sanctions legislation reflects a broader debate among lawmakers about balancing national security interests with domestic economic implications. With fuel prices remaining a critical issue for voters, particularly ahead of upcoming elections, some representatives are advocating for a more measured approach that would not jeopardize energy affordability. Market analysts suggest that any prolonged uncertainty regarding U.S. sanctions could lead to volatility in global oil markets, as investors weigh the potential for supply disruptions against the backdrop of fluctuating demand. As discussions continue, the outcome of this legislative effort could have significant ramifications not only for U.S.-Russia relations but also for the global energy landscape. Should the sanctions ultimately be enacted, they could reinforce existing trends in energy markets, prompting shifts in supply chains and influencing pricing strategies among major oil producers. Conversely, if the bill fails to gain traction, it may signal a more cautious approach from U.S. lawmakers in addressing international conflicts that have direct economic consequences at home.

• Room To Move – Pipeline Expansions Add Breathing Room for Permian Crude Moving to Corpus Christi
  Oil & Gas · Sep 4, 2026

  Recent expansions in pipeline infrastructure are providing much-needed capacity for Permian crude oil to flow to Corpus Christi, a key export hub. The enhancements, which include new and upgraded pipelines, are expected to alleviate bottlenecks that have historically constrained the movement of crude from the prolific Permian Basin in West Texas. This increased capacity comes at a crucial time as global demand for U.S. crude continues to rise, driven by recovering economies and heightened interest in energy security. With these expansions, market analysts anticipate a positive impact on both local and national crude prices. The ability to transport more oil efficiently to Corpus Christi is likely to enhance the competitiveness of U.S. crude on the international stage, potentially leading to increased exports. Furthermore, the expanded pipeline capacity could help stabilize prices in the Permian region, which have been subject to volatility due to logistical challenges. As a result, producers may benefit from improved margins, while refiners and traders could find new opportunities in the evolving supply landscape.

• Bessent Blames Ukraine for High Energy Prices
  NYT Business · Sep 3, 2026

  Treasury Secretary Scott Bessent has attributed rising global oil prices to Ukraine's recent attacks on Russian energy infrastructure. Speaking after a meeting with Russia’s finance minister, Bessent indicated that these actions are exacerbating an already volatile energy market, which has been further destabilized by the ongoing conflict in Ukraine and the war in Iran. The comments come as the Trump administration seeks to mitigate the impact of high gas prices on American consumers ahead of upcoming elections. Bessent's remarks reflect a growing concern within the administration about the implications of geopolitical tensions on energy costs. With Ukraine intensifying its military efforts to disrupt Russian oil supplies, the potential for further price hikes looms large. Analysts suggest that if these attacks continue, they could lead to retaliatory measures from Russia, further complicating the global energy landscape. As markets react to these developments, investors will be closely monitoring both the conflict's progression and its implications for supply chains and energy prices worldwide.

• US Shale Producers Must Face Oil Price-Fixing Claims, Judge Rules
  Oil & Gas · Sep 3, 2026

  A federal judge has ruled that antitrust lawsuits against major U.S. shale producers, including Diamondback Energy and Occidental Petroleum, will move forward, rejecting attempts by the companies to dismiss the claims. The lawsuits allege that these firms conspired to limit oil production, thereby artificially inflating prices for crude oil and fuel. This ruling marks a significant development in the ongoing scrutiny of the oil industry, particularly as it faces increasing pressure from regulators and the public regarding pricing practices. The implications of this ruling could be substantial for the oil market. If the plaintiffs succeed in proving their case, it could lead to increased regulatory oversight and potentially hefty fines for the companies involved. Moreover, a successful outcome for the plaintiffs may embolden further legal actions against other producers, potentially reshaping competitive dynamics within the industry. As the market grapples with fluctuating oil prices and geopolitical tensions, the outcome of these lawsuits could have lasting effects on supply strategies and pricing mechanisms in the U.S. energy sector.

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