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 $58.55. The stock is following an upward trend, as it sits above its 200-day average of $51.06. This average is a long-term price benchmark that helps investors see the general direction of a stock over the past year.
The RSI, or Relative Strength Index, is at 59.8. This is a gauge of whether a stock has climbed too far, too fast, and a reading under 70 suggests the price still has room to move. With a P/E ratio of 15, the price relative to earnings is within a reasonable range.
Should you buy Occidental Petroleum stock?
Based on the current data, the indicators align for a buy. You are looking at a stock that is trending upward while remaining below its recent ceiling of $59.55. It is a calculated decision based on the technical strength shown today.
Is OXY a good stock for beginners?
OXY is a large energy company, which can be less volatile than smaller, unproven businesses. However, all stocks move up and down, so it is important to remember the 52-week range of $38.8 to $67.45 when considering your entry.
What's driving OXY right now
The stock price is currently above its 200-day average of $51.06.
The recent support, or price floor, is sitting firmly at $53.66.
Investors should monitor the $59.55 resistance level, which is the price ceiling the stock has struggled to break.
The stock experienced a minor dip of 0.86% today.
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 55.9% 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. 20 disclosures name OXY — filed by 13 separate members and worth $104K–$510K combined (filings report bands, never exact amounts). 10 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 | |
| 2025-05-15 | BUY | $1,001 - $15,000 |
Names withheld — plus 17 more records not shown.
See which membersWith the price holding above key support levels and showing positive momentum, the data points toward a buy for those seeking exposure to the energy sector.
Don't guess. Practice this trade first.
Buy it with virtual cash and watch how it plays out — before a dollar of your own is on the line.
Practice OXY risk-free in your paper portfolioPaper trading, the AI Read & live indicators are inside a Money GPS membership — one price, the whole platform.
Beginner questions about OXY
Should I buy OXY stock?+
The data shows a buy signal because the price is trending upward and sits comfortably above its 200-day average of $51.06.
Is OXY a good long-term investment?+
Long-term trends are supported by the price remaining above the $51.06 average, though you should keep the 52-week range of $38.8 to $67.45 in mind.
Is OXY a buy or a sell?+
The current indicators, including an RSI of 59.8, suggest a buy as the price maintains its momentum.
Is OXY overvalued?+
With a P/E ratio of 15, the stock is not showing signs of extreme overvaluation compared to its current trading price of $58.55.
Is OXY a good stock for beginners?+
It is a large company with a clear 50-day average of $54.4, which can be easier for beginners to track than highly volatile small stocks.
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 2026-08-12 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.