Occidental Petroleum Eyes Modest Gains as Piper Sandler Nudges Price Target Higher

Occidental Petroleum Corporation (NYSE:OXY) is one of the best commodity stocks to buy. On July 17, 2025, Piper Sandler analyst Ryan Todd maintained a “Neutral” rating on Occidental Petroleum while raising the price target from $48 to $50, signaling a modest upside of roughly 14.6% based on recent trading levels.

The commentary emphasized Occidental’s ongoing strategic efforts, like hefty cost cuts and diversity in operations across key regions including the Permian Basin and Gulf of Mexico, as reasons for the optimistic tilt despite a cautious rating.

Occidental Petroleum Eyes Modest Gains as Piper Sandler Nudges Price Target Higher

This isn’t just a jog through numbers. Piper Sandler’s move tells us that Occidental is actively tightening its belt, optimizing output, and engineering a path for modest upside, all while managing headwinds with precision.

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, and also operates a substantial chemicals unit under OxyChem. It’s a heavyweight in U.S. oil, known for strategic flexibility and integrated operations.

While we acknowledge the potential of OXY to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than OXY and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.