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Susquehanna Remains Bullish on Occidental Petroleum (OXY) Amid Strong Earnings and Production Momentum

With significant hedge fund interest, Occidental Petroleum Corporation (NYSE:OXY) secures a spot on our list of the 12 best commodity stocks to buy right now.

On November 13, 2025, Occidental Petroleum Corporation (NYSE:OXY) saw Susquehanna reiterate its “Buy” rating and raise its price target to $55 from $54. The firm noted that the company exceeded Q3 expectations on both EPS and production, driven by strong performance in domestic business.

Meanwhile, the company released its Q3 2025 earnings on November 10, 2025. The quarter saw operational execution exceed expectations, helping Occidental Petroleum Corporation (NYSE:OXY) record production of 1.47 million barrels of oil equivalent per day, driven by record Permian output and improved uptime in the Gulf of America.

Furthermore, Occidental Petroleum Corporation (NYSE:OXY) recorded $3.2 billion in operating cash flow and $1.5 billion in free cash flow, thanks to record Permian production of 800,000 BOE per day. At the same time, the company reduced its lease operating expenses to $8.11 per BOE, the lowest level since 2021. Having repaid $1.3 billion of debt during the quarter, the company expects to bring it below $15 billion post-OxyChem sale. Moreover, the company recorded $2.2 billion in shareholder returns through dividends and buybacks.

During the quarter, Occidental Petroleum Corporation (NYSE:OXY) expanded its Permian resource base by 2.5 billion BOE, which now represents 70% of total resources. On the other hand, OxyChem pre-tax income fell short of guidance due to global chlorovinyl softness. Yet the company looks ahead with confidence, citing enhanced oil recovery, CO2 injection pilots, and Gulf of America waterflood projects as key growth drivers. The company reported adjusted earnings per diluted share of $0.64. The quarterly revenue came in at $6.72 billion, up from $6.50 billion in the prior quarter.

Occidental Petroleum Corporation (NYSE:OXY) is focused on exploration, development, and production of oil and gas globally.

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.

READ NEXT: 10 Best Small-Cap Biotech Stocks to Buy According to Analysts and 11 Best AI Infrastructure Stocks to Buy Right Now.

Disclosure: None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

And this breakthrough has already set off a frenzy among hedge funds and Wall Street’s top investors.

What most investors don’t realize is that one under-owned company holds the key to this $250 trillion revolution.

In fact, Verge argues this company’s supercheap AI technology should concern rivals.

Before I reveal the details, let’s talk about how some of the richest people on the planet are positioning themselves.

  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

Even as we admire what Tesla, Nvidia, Alphabet, and Microsoft have built, we believe an even greater opportunity lies elsewhere…

But the real story isn’t Nvidia — it’s a much smaller company quietly improving the critical technology that makes this entire revolution possible.

And judging by what I’m hearing from both Silicon Valley insiders and Wall Street veterans…

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