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 trading at $57.30. It is sitting above its 200-day average of $49.94, which suggests a positive long-term trend. The stock is also trading above its 50-day average of $55.07, showing recent strength in price movement.
The RSI, or Relative Strength Index—a gauge of whether a stock has climbed too far, too fast—sits at 63.1. This indicates healthy momentum without being overextended. With a P/E ratio of 14.6, which compares the stock price to its earnings, the valuation remains within a reasonable range for this sector.
Should you buy Occidental Petroleum stock?
The data supports a buy signal based on the current upward trend and price positioning. However, every investor must weigh this against their own risk tolerance. Buying now means acknowledging that the price is currently between its recent floor of $47.77 and its ceiling of $58.99.
Is OXY a good stock for beginners?
Occidental Petroleum is a large, established energy company, which can offer more stability than smaller, speculative firms. However, energy stocks can be volatile, meaning prices may swing significantly over time. Beginners should focus on long-term goals rather than daily price changes like the recent -0.52% move.
What's driving OXY right now
The stock price is currently trading above its 200-day average of $49.94.
The RSI of 63.1 shows the stock has steady momentum without being overbought.
The stock has established a recent support level, or floor, at $47.77.
The stock is currently trading near its recent resistance level, or ceiling, of $58.99.
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.
Who owns Occidental Petroleum?
Institutions — pension funds, asset managers, index providers — hold 55.3% of OXY, and the concentration matters: the largest single holder alone controls 26.64% of the company.
| Holder | Shares | % held |
|---|---|---|
| 264.94M | 26.64% | |
| 74.09M | 7.45% | |
| 52.64M | 5.29% |
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 |
|---|---|---|---|---|
| 2026-06-23 | BUY | 4.8K | $249.9K | |
| 2026-06-01 | AWARD / VEST | 3.2K | — | |
| 2026-06-01 | AWARD / VEST | 101.8K | — |
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. 17 disclosures name OXY — filed by 11 separate members and worth $87K–$430K combined (filings report bands, never exact amounts). 8 purchase-side, 9 sale-side, most recently on 2025-10-24.
| Member | Date | Action | Amount filed |
|---|---|---|---|
| 2025-10-24 | BUY | $1,001 - $15,000 | |
| 2024-11-20 | BUY | $1,001 - $15,000 | |
| 2024-10-25 | BUY | $15,001 - $50,000 |
Names withheld — plus 14 more records not shown.
See which membersWith the price trending above both its 50-day and 200-day averages, the data indicates a favorable entry point for Occidental Petroleum.
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Beginner questions about OXY
Should I buy OXY stock?+
The data-driven verdict is a buy because the stock is trending upward and sits above its key 50-day and 200-day averages.
Is OXY a good long-term investment?+
While no one can predict the future, the stock is currently trading within its 52-week range of $38.80 to $67.45, reflecting the company's historical performance.
Is OXY a buy or a sell?+
Based on the current price of $57.30 and its position above the 200-day average, the technical data points to a buy.
Is OXY overvalued?+
With a P/E ratio of 14.6, the stock is currently valued at roughly 14.6 times its earnings, which is a common metric used to assess market value.
Is OXY a good stock for beginners?+
It is a large energy company, but beginners should be aware that the stock price fluctuates, as seen by the recent -0.52% daily change.
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 2026-07-24 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.