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 12.53% per annum.
- OXY price at the close of February 25, 2026 was $50.94 and was higher than the top border of the primary price channel by $1.80 (3.67%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 171.28% per annum.
- OXY price at the close of February 25, 2026 was higher than the top border of the secondary price channel by $1.27 (2.57%).
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
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 11, 2022
End date: February 18, 2026
a = 4.4040
b = -0.0004
s = 0.0798
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0798) – 1
= 37.62%
August 11, 2022 calculations
Top border of price channel:
Exp(Y367)
= Exp(a + b × X367 + 2 × s)
= Exp(a + b × 531 + 2 × s)
= Exp(4.4040 + -0.0004 × 531 + 2 × 0.0798)
= Exp(4.3690)
= $78.97
Bottom border of price channel:
Exp(Y367)
= Exp(a + b × X367 – 2 × s)
= Exp(a + b × 531 – 2 × s)
= Exp(4.4040 + -0.0004 × 531 – 2 × 0.0798)
= Exp(4.0497)
= $57.38
February 18, 2026 calculations
Top border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(4.4040 + -0.0004 × 1,818 + 2 × 0.0798)
= Exp(3.8972)
= $49.26
Bottom border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(4.4040 + -0.0004 × 1,818 – 2 × 0.0798)
= Exp(3.5778)
= $35.80
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 12.53% per annum.
- OXY price at the close of February 25, 2026 was $50.94 and was higher than the top border of the primary price channel by $1.80 (3.67%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: December 15, 2025
End date: February 18, 2026
a = -1.1171
b = 0.0027
s = 0.0163
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0027) – 1
= 171.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0163) – 1
= 6.74%
December 15, 2025 calculations
Top border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 + 2 × s)
= Exp(a + b × 1,753 + 2 × s)
= Exp(-1.1171 + 0.0027 × 1,753 + 2 × 0.0163)
= Exp(3.7085)
= $40.79
Bottom border of price channel:
Exp(Y1,206)
= Exp(a + b × X1,206 – 2 × s)
= Exp(a + b × 1,753 – 2 × s)
= Exp(-1.1171 + 0.0027 × 1,753 – 2 × 0.0163)
= Exp(3.6432)
= $38.22
February 18, 2026 calculations
Top border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 + 2 × s)
= Exp(a + b × 1,818 + 2 × s)
= Exp(-1.1171 + 0.0027 × 1,818 + 2 × 0.0163)
= Exp(3.8862)
= $48.72
Bottom border of price channel:
Exp(Y1,249)
= Exp(a + b × X1,249 – 2 × s)
= Exp(a + b × 1,818 – 2 × s)
= Exp(-1.1171 + 0.0027 × 1,818 – 2 × 0.0163)
= Exp(3.8210)
= $45.65
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 171.28% per annum.
- OXY price at the close of February 25, 2026 was higher than the top border of the secondary price channel by $1.27 (2.57%).