Occidental Petroleum Corporation (OXY)
Occidental Petroleum Corporation (OXY) is a leading international oil and gas exploration and production company, with a diverse portfolio that spans hydrocarbon resources in the United States, the Middle East, and Colombia. In addition to its upstream activities, Occidental is actively involved in petrochemical manufacturing, with operations across the United States, Canada, and Chile. The company is committed to advancing sustainable practices within the energy sector, focusing on innovation and technology to enhance efficiency and environmental stewardship. With a strong emphasis on investment in low-carbon initiatives, Occidental is strategically positioned to thrive in the evolving energy landscape.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.50% per annum.
- OXY price at the close of November 13, 2025 was $42.02 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.44% per annum.
- OXY price at the close of November 13, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of OXY price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 10, 2022
End date: November 13, 2025
a = 4.4462
b = -0.0004
s = 0.0814
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.50%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0814) – 1
= 38.48%
August 10, 2022 calculations
Top border of price channel:
Exp(Y435)
= Exp(a + b × X435 + 2 × s)
= Exp(a + b × 632 + 2 × s)
= Exp(4.4462 + -0.0004 × 632 + 2 × 0.0814)
= Exp(4.3778)
= $79.66
Bottom border of price channel:
Exp(Y435)
= Exp(a + b × X435 – 2 × s)
= Exp(a + b × 632 – 2 × s)
= Exp(4.4462 + -0.0004 × 632 – 2 × 0.0814)
= Exp(4.0522)
= $57.52
November 13, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(4.4462 + -0.0004 × 1,823 + 2 × 0.0814)
= Exp(3.9421)
= $51.53
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(4.4462 + -0.0004 × 1,823 – 2 × 0.0814)
= Exp(3.6165)
= $37.21
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.50% per annum.
- OXY price at the close of November 13, 2025 was $42.02 and was inside the primary price channel.
Secondary Trend
Start date: March 1, 2024
End date: November 13, 2025
a = 5.0138
b = -0.0007
s = 0.0694
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0007) – 1
= -23.44%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0694) – 1
= 32.02%
March 1, 2024 calculations
Top border of price channel:
Exp(Y826)
= Exp(a + b × X826 + 2 × s)
= Exp(a + b × 1,201 + 2 × s)
= Exp(5.0138 + -0.0007 × 1,201 + 2 × 0.0694)
= Exp(4.2737)
= $71.79
Bottom border of price channel:
Exp(Y826)
= Exp(a + b × X826 – 2 × s)
= Exp(a + b × 1,201 – 2 × s)
= Exp(5.0138 + -0.0007 × 1,201 – 2 × 0.0694)
= Exp(3.9959)
= $54.38
November 13, 2025 calculations
Top border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 + 2 × s)
= Exp(a + b × 1,823 + 2 × s)
= Exp(5.0138 + -0.0007 × 1,823 + 2 × 0.0694)
= Exp(3.8185)
= $45.54
Bottom border of price channel:
Exp(Y1,254)
= Exp(a + b × X1,254 – 2 × s)
= Exp(a + b × 1,823 – 2 × s)
= Exp(5.0138 + -0.0007 × 1,823 – 2 × 0.0694)
= Exp(3.5407)
= $34.49
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 23.44% per annum.
- OXY price at the close of November 13, 2025 was inside the secondary price channel.