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$59.80
▲ 1.29% · third straight gain
Occidental Shares Gain 1.3% While Hormuz Threats Widen Oil Price Gap by 5.9%
Occidental Petroleum Corporation rose 1.3% on Tuesday after crude prices climbed further, with the Strait of Hormuz dispute intensifying.
NYSE:OXY · Investor dashboard
Occidental Petroleum
Hormuz risk lifted crude and OXY, but the investable threshold remains the $96.78 per barrel realized price that powered second-quarter cash flow.
Market data: August 18, 2026 · 16:00 EDT
Brent
$91.02
▲ 0.17% · three-week high
Market value
$59.78B
9.24× trailing earnings
Analyst upside
8.4%
Average target: $64.83
Six-session price path
OXY closeAug 11–18: +1.3%Below 52-week high: 11.3%
Oil-price test
OXY Q2 realized crude$96.78
Brent, Aug. 18$91.02
Gap-5.9%
Tuesday's geopolitical premium still left Brent below the price behind OXY's second-quarter cash surge.
Second-quarter engine
Production1.433M boe/d
Free cash flow*$3.0B
Operating cash flow$5.1B
Adjusted EPS$2.40
*Before working capital, continuing operations.
Balance-sheet runway
Principal debt$11.8B
Quarterly reduction$1.9B
Next milestone$10.0B
Another $1.8B reduction reaches management's next marker.
Wall Street range
26 ratings: 10 Buy, 16 Hold. Consensus: Hold.
What matters next
Investor hinge: a durable move toward the $96.78 realized-price marker would reinforce free cash flow and debt reduction. A brief Hormuz spike leaves the equity case dependent on operating execution.
Hormuz flow baseline20M b/d · 20% of global liquids use
Estimated bypass spare capacity2.6M b/d
Immediate riskDiplomatic reopening removes risk premium
Offsetting riskNegative U.S. gas realizations
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