Goldman Sachs analyst Neil Mehta downgraded Occidental Petroleum (OXY – Research Report) to a Sell today and set a price target of $45.00. The

Goldman has recently reduced Occidental Petroleum Corp (OXY) stock to Sell rating, as announced on January 31, 2025, according to Finviz. Earlier, on November 8, 2024, JP Morgan h

Goldman Sachs' new sell rating and lowered price target reflect a cautious outlook on Occidental Petroleum (NYSE:OXY)'s ability to deliver shareholder value in a stable oil price environment, where return of capital is increasingly important for investor consideration.

Goldman Sachs downgraded Occidental Petroleum (OXY) to Sell from Neutral with a price target of $45, down from $54. The firm believes that in a