9 Hot Energy Stocks to Buy

2. Occidental Petroleum Corporation (NYSE:OXY)

Avg Volume: 10.20 million

Analyst Upside: 17.67%

Number of Hedge Fund Holders: 64

Occidental Petroleum Corporation (NYSE:OXY) ranks among the 9 hot energy stocks to buy. Following Occidental Petroleum Corporation (NYSE:OXY)’s third-quarter 2025 earnings report, UBS reaffirmed its Neutral rating and $45 price target for the company on November 13. The oil and gas giant posted better-than-expected Q3 earnings, with cash flow per share surpassing analyst expectations.

The company’s operating cash flow exceeded $3.2 billion, with a profit of $0.65 per diluted share. Occidental also produced 1.47 million barrels of oil equivalent a day, with substantial output from the Permian Basin.

Looking ahead, Occidental Petroleum Corporation (NYSE:OXY) aims to maintain its emphasis on debt reduction, hoping to cut its debt to less than $15 billion via funds from the OxyChem sale. In addition, the company expects flat to 2% production growth and capital expenditures of $6.3-$6.7 billion in 2026.

UBS believes that successful debt reduction might help Occidental’s shares rebound from “this year’s underperformance,” adding that the company has a “large performance gap” when compared to industry rivals.

Occidental Petroleum Corporation (NYSE:OXY), based in Houston, Texas, is a diversified energy company engaged in hydrocarbon exploration and production across the U.S., the Middle East, and North Africa.