From Yahoo Finance: 2025-06-20 15:55:00

Occidental Petroleum Corporation (NYSE:OXY) is in the top 10 oil and gas stocks to buy now. JPMorgan lowered its price target from $52 to $47 on May 9, maintaining a “Neutral” rating. Analysts praised Q1 2025 results and cost-cutting efforts. Occidental reduced drilling cycle times in the Permian Basin by 15%, leading to a 10% decrease in well costs year-over-year. The company plans to decommission two drilling rigs in 2025, aiming for increased production with reduced rig count. Occidental lowered its full-year capital guidance by $200 million and aims to cut operational expenses by $150 million in 2025. The corporation has assets in the US, Middle East, and North Africa, and is a major producer in the US.



Read more at Yahoo Finance: JPMorgan Lowers PT for Occidental Petroleum (OXY), Keeps Neutral Rating