Susquehanna Lowers Occidental Petroleum (OXY) PT Amid Near-Term Oil Oversupply Concerns

Minervino noted that the lipid marketplace remains oversupplied owed to the unwinding of OPEC’s voluntary accumulation cuts, which, combined with brushed planetary request growth, is expected to unit pricing. Consequently, the steadfast reduced its 2026 West Texas Intermediate terms presumption to $60 per tube from $65. Still, Susquehanna remains bullish connected the semipermanent request for earthy state driven by information centers and electrification.

On January 23, Morgan Stanley expert Devin McDermott lowered the firm’s terms people connected Occidental Petroleum Corporation (NYSE:OXY) to $50 from $51 with an Equal Weight rating. In a Q4 preview for E&Ps, lipid majors, and Canadian producers, the steadfast updated its 2026-27 lipid terms platform to bespeak portion prices arsenic of January 7. The steadfast informed investors that portion Q4 operational updates are expected to beryllium reasonably clean, currency travel whitethorn beryllium lighter owed to terms realizations.

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Occidental Petroleum Corporation (NYSE:OXY), unneurotic with its subsidiaries, acquires, explores, and develops lipid & state properties successful the US and internationally. It operates done 3 segments: Oil & Gas, Chemical, and Midstream & Marketing.

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