WOODSIDE ENERGY - DISCOVERY COULD ENABLE SUBSEA CONNECTION TO NEARBY OCCIDENTAL-OPERATED FACILITY OR OTHER LOCAL PLATFORMS
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 10 2026
0mins
Source: moomoo
Potential of Woodside Energy: Woodside Energy has potential for subsea tiebacks to adjacent facilities.
Operational Facilities: The company is exploring connections to nearby operational facilities or other platforms in the area.
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Analyst Views on OXY
Wall Street analysts forecast OXY stock price to fall
16 Analyst Rating
4 Buy
9 Hold
3 Sell
Hold
Current: 55.140
Low
38.00
Averages
47.27
High
64.00
Current: 55.140
Low
38.00
Averages
47.27
High
64.00
About OXY
Occidental Petroleum Corporation is an international energy company with assets primarily in the United States, the Middle East and North Africa. The Company is an oil and gas producer in the United States, including a producer in the Permian and DJ basins, and the offshore Gulf of Mexico. Its segments include oil and gas, and midstream and marketing. The oil and gas segment explores for, develops, and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The Company's midstream and marketing segment purchases, markets, gathers, processes, transports, and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. The midstream and marketing segment provides flow assurance and maximizes the value of its oil and gas. It also optimizes its transportation and storage capacity and invests in entities that conduct similar activities. This segment also includes low-carbon venture businesses.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Oxy's Market Position: Occidental Petroleum's future portfolio has about 80% of its oil breakeven price below $50 per barrel, allowing the company to maintain profitability, reduce debt, and increase dividends as oil prices rise, with expectations for further stock price increases by year-end.
- Stability of Chevron and ExxonMobil: Both Chevron and ExxonMobil have upstream breakeven oil prices below $50 per barrel, and their expansion into overseas oil fields and capacity increases in existing fields will enhance long-term growth potential, despite facing short-term pressures in the downstream market.
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See More
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- Business Model Differences: Oxy focuses primarily on upstream operations, generating massive profits as long as oil prices remain above its breakeven point of approximately $60 per barrel; in contrast, ET, as a midstream company, benefits from higher oil prices but sees limited revenue growth primarily from transportation fees.
- Future Growth Expectations: Analysts forecast that by 2026, Oxy's revenue and EPS will increase by 19% and 283%, respectively, indicating a recovery from three years of declining revenues and earnings, while ET's revenue and earnings per unit are expected to rise by 27% and 22%, but at a slower pace than Oxy.
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- New CEO's Investment Dynamics: Newly appointed CEO Greg Abel purchased nearly $16 billion in marketable equities in Q1 2026, nearly matching Buffett's total equity spending from the previous year, suggesting he may see more investment opportunities in the current market.
- Balancing Acquisitions and Sales: Despite Berkshire selling over $24 billion in equities last quarter, it also acquired OxyChem for $9.7 billion, marking the first time since 2022 that Berkshire's spending on business acquisitions exceeded its equity sales, signaling a positive shift in capital deployment.
- Market Opportunity Assessment: Although Abel's $238 million stock buyback indicates a cautious view on the true value of the company's equity, his significant capital deployment last quarter suggests that there are still investment opportunities in the market that investors should consider.
See More
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- Portfolio Changes: In Buffett's last 13 quarters, Berkshire sold more stocks than it bought, resulting in cash increasing from $129 billion at the end of 2022 to $373 billion, indicating concerns over market overvaluation.
- New CEO Acquisitions: Newly appointed CEO Greg Abel purchased nearly $16 billion in marketable equities in Q1 2026, almost matching Buffett's total equity purchases from the previous year, suggesting a reassessment of market opportunities.
- Capital Deployment Signal: Berkshire acquired OxyChem for $9.7 billion last quarter, marking the first time since 2022 that total business purchases exceeded stock sales, indicating the company is actively seeking investment opportunities.
- Cautious Buyback Strategy: Despite resuming the stock repurchase program in March, Abel only bought back $238 million worth of stock, reflecting a cautious stance on the true value of the company's equity portfolio, which may influence future trading strategies.
See More
