Occidental Petroleum falls 3.1% as oil prices reverse lower amid Middle East-driven volatility

Occidental Petroleum (OXY) is down 3.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks primarily driven by a sharp pullback in crude oil after an extreme, war-driven spike, which can pressure upstream producers even when their fundamentals are unchanged. With no clear company-specific negative headline, the drop also resembles sector-wide volatility and profit-taking following recent strength.

Details:

Crude benchmarks saw major whiplash, with Brent trading sharply lower versus the prior session after a surge tied to the Iran conflict, which likely weighed on U.S. energy equities broadly.

Occidental recently highlighted Q4 2025 results and an increased quarterly dividend to $0.26 per share (payable April 15, 2026, to holders of record March 10, 2026), but this record-date item is not typically a direct driver of a single-day selloff.

The company also completed the sale of its chemical business to Berkshire Hathaway on January 2, 2026, a balance-sheet-focused transaction that has already been digested by markets and does not appear to explain today’s specific downdraft.

This could also be because high oil-price sensitivity makes OXY a common vehicle for traders to reduce exposure quickly when crude reverses.

Sources:

AP News, Occidental Petroleum (Investor Relations), U.S. SEC (EDGAR)

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$OXY Insider Trading Activity

$OXY insiders have traded $OXY stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.

Here’s a breakdown of recent trading of $OXY stock by insiders over the last 6 months:

WILLIAM R KLESSE purchased 5,000 shares for an estimated $194,899

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$OXY Hedge Fund Activity

We have seen 430 institutional investors add shares of $OXY stock to their portfolio, and 718 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

PACER ADVISORS, INC. removed 6,992,961 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $287,550,556
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 6,304,362 shares (-61.4%) from their portfolio in Q4 2025, for an estimated $259,235,365
CITADEL ADVISORS LLC added 2,370,522 shares (+1039.8%) to their portfolio in Q4 2025, for an estimated $97,475,864
HIGHTOWER ADVISORS, LLC removed 2,189,513 shares (-85.1%) from their portfolio in Q4 2025, for an estimated $90,032,774
AMERICAN CENTURY COMPANIES INC removed 2,157,452 shares (-55.2%) from their portfolio in Q4 2025, for an estimated $88,714,426
SUSQUEHANNA INTERNATIONAL GROUP, LLP added 1,955,856 shares (+134.3%) to their portfolio in Q4 2025, for an estimated $80,424,798
DIMENSIONAL FUND ADVISORS LP added 1,883,721 shares (+21.6%) to their portfolio in Q4 2025, for an estimated $77,458,607

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$OXY Congressional Stock Trading

Members of Congress have traded $OXY stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $OXY stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. has traded it 2 times. They made 1 purchase worth up to $15,000 on 02/10 and 1 sale worth up to $15,000 on 11/12.
REPRESENTATIVE MARJORIE TAYLOR GREENE purchased up to $15,000 on 10/24.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$OXY Analyst Ratings

Wall Street analysts have issued reports on $OXY in the last several months. We have seen 2 firms issue buy ratings on the stock, and 2 firms issue sell ratings.

Here are some recent analyst ratings:

Susquehanna issued a "Positive" rating on 11/13/2025
Wells Fargo issued a "Underweight" rating on 11/12/2025
HSBC issued a "Buy" rating on 10/03/2025
Evercore ISI Group issued a "Underperform" rating on 10/03/2025

To track analyst ratings and price targets for $OXY, check out Quiver Quantitative's $OXY forecast page.

$OXY Price Targets

Multiple analysts have issued price targets for $OXY recently. We have seen 15 analysts offer price targets for $OXY in the last 6 months, with a median target of $50.0.

Here are some recent targets:

Mark Lear from Piper Sandler set a target price of $54.0 on 03/05/2026
Josh Silverstein from UBS set a target price of $55.0 on 03/05/2026
Phillip Jungwirth from BMO Capital set a target price of $60.0 on 02/23/2026
Betty Jiang from Barclays set a target price of $55.0 on 02/23/2026
Sam Margolin from Wells Fargo set a target price of $47.0 on 02/20/2026
Biju Perincheril from Susquehanna set a target price of $60.0 on 02/20/2026
Devin McDermott from Morgan Stanley set a target price of $50.0 on 01/23/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.