Occidental Petroleum Downgraded As Oil Prices Fall -- Market Talk

Dow Jones

2025/03/11

1448 ET - Occidental Petroleum may face challenges on oil price uncertainty, Raymond James analysts say, downgrading the stock to outperform from strong buy. The oil company has outperformed the rest of its sector as investors sold off oil shares in the past month. But the analysts say the pull-back in oil prices has them taking a more cautious near-term stance. The analysts also lower the target price to $64 from $81. Occidental Petroleum is down 23% over the past 12 months.(katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

March 10, 2025 14:48 ET (18:48 GMT)

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