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 $59.04, reflecting a daily increase of 1.17%. The stock is trading above its 200-day average of $51.41, which signals an upward trend. This suggests the market is currently viewing the company with more confidence than it has over the last several months.
The RSI, or Relative Strength Index—a gauge of whether a stock has climbed too far, too fast—sits at 58.8. This indicates there is still room for movement before the stock is considered overbought. With the price currently near its recent resistance, or ceiling, of $59.55, the data supports a buy position.
Should you buy Occidental Petroleum stock?
Based on the current technical indicators, the data points to a buy. You should only proceed if you are comfortable with the stock trading near its recent resistance level of $59.55. Always remember that market conditions change, so keep your position size small.
Is OXY a good stock for beginners?
Occidental Petroleum is a large company, but energy stocks can be sensitive to oil price swings. With a P/E ratio of 17.2, it is not excessively expensive compared to historical norms. It is a reasonable starting point for those looking to understand the energy sector.
What's driving OXY right now
The stock price is currently trading above its 200-day average of $51.41.
The price is approaching its recent resistance, or ceiling, of $59.55.
An RSI of 58.8 shows the stock is moving upward without being overextended.
The stock has established a recent support, or floor, at $53.66.
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. 21 disclosures name OXY — filed by 13 separate members and worth $105K–$525K combined (filings report bands, never exact amounts). 11 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 18 more records not shown.
See which membersWith the price holding above its 200-day average and an RSI of 58.8, the trend favors a buy for those looking at current momentum.
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Beginner questions about OXY
Should I buy OXY stock?+
The data supports a buy, as the stock is trending upward and sits above its 200-day average of $51.41.
Is OXY a good long-term investment?+
While we do not make long-term predictions, the stock is currently trading within its 52-week range of $38.8 to $67.45.
Is OXY a buy or a sell?+
Based on the current price of $59.04 and the positive trend, the data indicates a buy.
Is OXY overvalued?+
With a P/E ratio of 17.2, the stock is currently trading at a level that does not indicate extreme overvaluation.
Is OXY a good stock for beginners?+
It is a large company with a P/E ratio of 17.2, making it a manageable option for those learning the market.
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 2026-08-17 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.