Occidental Petroleum Corporation (NYSE:OXY) is listed as one of the 12 Best American Energy Stocks to Buy Now. Scotiabank recently reduced its price target on OXY from $47 to $46, maintaining a Sector Perform rating. The firm updated price targets for US integrated oil companies, refining companies, and large-cap exploration and production companies.

Scotiabank anticipates straightforward quarterly earnings for OXY without major winter weather disruptions. Investors may focus on potential changes to 2026 guidance due to recent market volatility. Attention may also shift to the introduction of cost-cutting programs by exploration and production companies.

On January 2, Occidental Petroleum Corporation (NYSE:OXY) completed the sale of OxyChem, its chemical business, to Berkshire Hathaway for $9.7 billion. This move aligns with the company’s strategy to strengthen its balance sheet and enhance its focus on its oil and gas portfolio. OXY operates primarily in the US, the Middle East, and North Africa.

Occidental Petroleum Corporation (NYSE:OXY) is an American multinational energy company with significant operations in the US, the Middle East, and North Africa. The company is known as one of the largest oil and gas producers in the US. Investors looking for AI stocks with potential may find other opportunities with greater upside and less downside risk.

Read more at Yahoo Finance: Occidental (OXY) Sells OxyChem, Scotiabank Lowers PT