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 $55.91. The stock is in an upward trend, as it sits above its 200-day average of $50.81. This 200-day average is a common tool used to smooth out price fluctuations and identify the long-term direction of a stock.
The RSI, or Relative Strength Index—a gauge of whether a stock has climbed too far or too fast—is at 52.8. This indicates the stock is in a neutral zone, showing neither extreme excitement nor panic. With a P/E ratio of 16.5, which measures the price relative to earnings, the valuation appears reasonable.
Should you buy Occidental Petroleum stock?
The data supports a buy rating based on the current price sitting above key averages. It is important to remember that markets change, so consider your own risk tolerance before acting. This is an educational look at the current technical setup.
Is OXY a good stock for beginners?
OXY is a large energy company, which can be less volatile than smaller, speculative stocks. However, all energy stocks fluctuate with global demand, so keep an eye on the support level of $53.53. It is a stable choice for those looking to understand the energy sector.
What's driving OXY right now
The stock price is currently above its 200-day average of $50.81.
The recent support level, or the price floor where buyers often step in, is $53.53.
Keep an eye on the $58.99 resistance level, which is the ceiling where sellers often emerge.
The stock experienced a minor daily change of -0.23%.
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 55.9% 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 |
|---|---|---|---|---|
| 2026-07-31 | 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. 19 disclosures name OXY — filed by 13 separate members and worth $103K–$495K combined (filings report bands, never exact amounts). 9 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 | |
| 2025-04-08 | SELL | $15,001 - $50,000 |
Names withheld — plus 16 more records not shown.
See which membersWith the price holding above its 200-day average and a neutral RSI, OXY presents a clear case for a buy.
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Beginner questions about OXY
Should I buy OXY stock?+
The data indicates a buy, as the stock is trending above its long-term average of $50.81.
Is OXY a good long-term investment?+
OXY shows stability by trading above its 200-day average, though long-term results depend on future energy market conditions.
Is OXY a buy or a sell?+
Based on the current technical indicators like the 52.8 RSI and the price trend, the current verdict is a buy.
Is OXY overvalued?+
With a P/E ratio of 16.5, the stock is currently trading at a moderate valuation compared to its historical range.
Is OXY a good stock for beginners?+
OXY is a large, established energy company, making it a common starting point for those learning about the sector.
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 2026-08-07 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.