With a market capitalization of $44.2 billion, Occidental Petroleum Corporation (OXY) is a major American oil and gas producer focused on crude oil, natural gas, natural gas liquids (NGLs), chemicals manufacturing, and carbon management technologies. Headquartered in Houston, Texas, the company operates across the United States, the Middle East, North Africa, and Latin America.
Occidental is best known for its large-scale upstream oil and gas operations, particularly in the Permian Basin, one of the most productive shale regions in the United States. Shares of the energy company have underperformed the broader market over the past year but have rallied in 2026. OXY stock has soared 30.8% over the past 52 weeks and has surged 34.1% on a year-to-date basis. In comparison, the S&P 500 Index ($SPX) has returned 31% over the past year and 8.3% in 2026.
