Occidental Petroleum Corporation (NYSE:OXY) is named one of the 12 best commodity stocks to buy right now, attracting significant hedge fund interest. Susquehanna maintains a bullish outlook, raising the price target to $55 after OXY exceeded Q3 expectations with strong domestic performance.

In Q3 2025, Occidental Petroleum Corporation (OXY) reported production of 1.47 million barrels of oil equivalent per day, driven by record Permian output. The company achieved $3.2 billion in operating cash flow, reduced lease operating expenses, and repaid $1.3 billion of debt.

OXY expanded its Permian resource base by 2.5 billion BOE, with 70% of total resources located there. Despite OxyChem pre-tax income falling short, the company looks forward to growth from enhanced oil recovery projects. Adjusted earnings per diluted share stood at $0.64 with quarterly revenue of $6.72 billion.

Occidental Petroleum Corporation focuses on global oil and gas exploration, development, and production. While OXY shows investment potential, some AI stocks may offer greater upside with less risk. For a free report on the best short-term AI stock, check out the link provided.

Read more at Yahoo Finance: Susquehanna Remains Bullish on Occidental Petroleum (OXY) Amid Strong Earnings and Production Momentum