Occidental Petroleum shares could rise at least 20% by the end of 2026 if WTI crude oil climbs back above $100 per barrel and stays there. The stock, which hit a 52-week high of $67.45 on March 31, now trades around $58 after oil retreated from a four-year high of $112.25 in May to about $92. Oxy generates most of its revenue from upstream operations, making it more sensitive to oil prices than diversified majors like Chevron, and its free cash flow grows rapidly above $60 per barrel. Even at a projected $70, the stock would trade at 18 times next year's earnings, leaving room for further gains if elevated prices attract more investors.
Occidental Petroleum CorporationArticle states Occidental's stock could rise 20% if WTI holds above $100, and its revenue is highly sensitive to oil prices.
Chevron Corp