Is Occidental Petroleum (OXY) a Buy Right Now?
A plain-English read on Occidental Petroleum stock — what the chart and the numbers are saying today, with no jargon and no hype.
What this means, in plain English
Occidental Petroleum is currently priced at $60.65, showing a daily increase of 1.02%. The stock is trending upward, as it sits above its 200-day moving average—the average price over the last 200 days—of $53.26. This suggests a positive long-term direction for the company.
The RSI, or Relative Strength Index, is at 58.3. This gauge of whether a stock has moved too far, too fast, remains in a healthy middle range. With a P/E ratio—the price of the stock compared to its earnings—of 17.7, the stock is showing stable valuation metrics for investors.
Should you buy Occidental Petroleum stock?
The current data supports a buy rating as the price remains above its 50-day average of $57.82. While the stock is performing well, always remember that markets move in cycles and prices fluctuate daily. This decision is based on current technical strength rather than future promises.
Is OXY a good stock for beginners?
Occidental Petroleum is a large company, which often helps with stability, but it remains subject to the natural volatility of the energy sector. Beginners should note that the stock has moved between $38.8 and $67.45 over the past year, showing significant price swings.
What's driving OXY right now
The stock is trading above its 200-day average of $53.26, signaling a healthy upward trend.
Recent support, or the price level where a stock tends to stop falling, is holding near $57.54.
The stock is moving toward its recent resistance, or the ceiling where price increases often stall, at $62.15.
The P/E ratio of 17.7 indicates a standard relationship between the stock price and company earnings.
What Occidental Petroleum actually does
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally. It operates through Oil and Gas and Midstream and Marketing. The Oil and Gas segment explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. This segment also optimizes its transportation and storage capacity and invests in entities. The Midstream and Marketing segment purchases, markets, gathers, processes, transports and stores oil, condensate, NGLs, natural gas, carbon dioxide, and power. Occidental Petroleum Corporation was founded in 1920 and is headquartered in Houston, Texas.
Occidental Petroleum by the numbers
Wall Street consensus on OXY is Buy. That is the analyst community's view, shown for context — it is not our read and not a recommendation.
Who owns Occidental Petroleum?
Institutions — pension funds, asset managers, index providers — hold 58.0% of OXY, and the concentration matters: the largest single holder alone controls 26.50% of the company.
| Holder | Shares | % held |
|---|---|---|
| 264.94M | 26.50% | |
| 72.76M | 7.28% | |
| 55.86M | 5.59% |
Names withheld — plus 3 more records not shown.
See who owns itWhat Occidental Petroleum insiders have been doing
Executives and directors must disclose their own trades in company stock. Of the last 6 disclosed transactions we hold for Occidental Petroleum, 0 were sales and 1 was an open-market purchase; the other 5 were awards, vesting or option exercises rather than a decision to buy or sell. Insiders sell for many ordinary reasons — scheduled plans, tax, diversification — so a sale is not by itself a signal.
| Insider | Date | Type | Shares | Value |
|---|---|---|---|---|
| 2026-07-31 | AWARD / VEST | 26.3K | — | |
| 2026-06-23 | BUY | 4.8K | $249.9K | |
| 2026-06-01 | AWARD / VEST | 3.2K | — |
Names withheld — plus 3 more records not shown.
See which insidersThe numbers behind the read
Who in Washington has been trading OXY?
Members of Congress must disclose trades over $1,000 within 45 days under the STOCK Act. At least 25 disclosures name OXY — filed by 13 separate members or more and worth $123K–$620K combined (filings report bands, never exact amounts). 15 purchase-side, 10 sale-side, most recently on 2026-02-10.
| Member | Date | Action | Amount filed |
|---|---|---|---|
| 2026-02-10 | BUY | $1,001 - $15,000 | |
| 2025-10-24 | BUY | $1,001 - $15,000 | |
| 2025-08-05 | BUY | $1,001 - $15,000 |
Names withheld — plus 22 more records not shown.
See which membersWith the price holding above its 200-day average and a balanced RSI, Occidental Petroleum currently presents a favorable setup for those looking to enter the market.
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Beginner questions about OXY
Should I buy OXY stock?+
Based on the current momentum and the price sitting above the 200-day average of $53.26, the data supports a buy rating.
Is OXY a good long-term investment?+
The stock is currently trending upward and holding above its 50-day average of $57.82, which is a positive sign for long-term holders.
Is OXY a buy or a sell?+
The current technical data, including the RSI of 58.3 and the price of $60.65, classifies this as a buy.
Is OXY overvalued?+
With a P/E ratio of 17.7, the stock is trading within a range that does not signal extreme overvaluation based on current earnings.
Is OXY a good stock for beginners?+
While it is a large company, beginners should be aware of the 52-week range between $38.8 and $67.45, which shows the stock can be volatile.
Important disclaimer
This page is for educational and informational purposes only and is not financial, investment, tax, or legal advice, nor a recommendation, offer, or solicitation to buy, sell, or hold Occidental Petroleum (OXY) or any other security. The Money GPS is not a registered investment adviser, broker-dealer, or financial planner, and no content here should be relied upon to make an investment decision.
The verdict, indicators, and commentary are generated automatically — in part using AI — from third-party market data (via Yahoo Finance) that may be delayed, incomplete, or inaccurate, and is provided “as is” without any warranty. Figures reflect the market as of 2026-09-08 and change constantly; the read above may already be out of date. A “Buy,” “Hold,” or “Be Careful” label is a simplified, rules-based signal for beginners — not a price target or a guarantee of any outcome.
All investing involves risk, including the possible loss of your entire principal. Past performance and historical patterns do not guarantee future results. Always do your own research and consult a licensed financial professional who knows your personal circumstances before investing. You are solely responsible for your own investment decisions. The Money GPS and its authors may hold positions in the securities discussed and accept no liability for any loss arising from the use of this information.