Occidental Petroleum upgraded to Buy on rising oil prices and strong cash flow

Roth Capital upgraded Occidental Petroleum's stock from Neutral to Buy due to rising crude oil prices driven by supply concerns, which boost revenue for oil producers. The company's strong resources and substantial free cash flow provide flexibility for debt reduction, project investments, and shareholder returns. Occidental's stock rose 2.69% to $62.31 following the upgrade, highlighting its potential appeal to value investors amid a volatile energy market.

Occidental Petroleum's stock price on Pluang is currently USD 62.37, showing a 1-day increase of 2.80%. Despite the recent upgrade, Pluang data shows a high sell order activity at 99%. These figures are as of Oct 17, 2026 02:21 WIB.