Is OXY Worth Buying in 2026?

Occidental Petroleum Corporation

STOCK CRUDE PETROLEUM & NATURAL GAS Updated 2026-08-23

Here’s whether Occidental Petroleum Corporation (OXY) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bullish.

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Bullish

Positives: trading above the 200-day MA (long-term uptrend intact); above the 50-day MA (medium-term momentum positive); 50-day MA is rising (+0.58% over 10 days); strong 1-year return of +37.6%. Concerns: RSI 73 — overbought, elevated pullback risk. Currently 9.1% off its 52-week high. Score: +4/7.

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OXY is in a confirmed uptrend, trading above both its 50-day ($54.79) and 200-day ($51.48) moving averages. With an RSI of 73.2, momentum has stretched into overbought territory — short-term pullbacks are common from these levels. The 1-year return of +37.6% compares to +20.5% for SPY (beat the market by 17.1%).

$10,000 invested 1 year ago → $13,757 today
vs. S&P 500 (SPY) — same period beat market by 17.1%

1-Year Price Chart

Daily candles
MA-50 MA-200 Up Down

Signal Check

Above 200-day MA ($51.48)
Above 50-day MA ($54.79)
!RSI(14) neutral zone (30–70) — currently 73.2
Positive return (+37.6%)
Within 10% of period high (−9.1%)
Period Range $61.30
$38.80 $67.45
RSI (14) 73.2
0 · OversoldOverbought · 100

Key Metrics

Price$61.30
Period Return+37.6%
Period High$67.45
Period Low$38.80
Drawdown−9.1%
MA-50$54.79
MA-200$51.48
RSI (14)73.2
Avg Volume (30d)8.5M
vs. SPYbeat by 17.1%
Return Rank#311 of 999

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