OXY Resets the Narrative in Q4 for 2026 and Beyond

February 23, 2026

Want a rule of thumb? 10x10

That’s the rough figure we use for Occidental Petroleum (“OXY”), a company we’ve been holding for a bit. This one’s been in the dog house for awhile after recently closing the CrownRock acquisition and selling its OXY Chem division to Berkshire Hathaway. The stock’s languished as oil prices trended lower in 2025. Having shed $10/barrel from $70 to high $50s, OXY similarly sympathized and fell by $10/share, give or take.

So $10 x $10. The’s ur rule of thumb. It essentially means that for every $10/barrel oil price moves, we’d expect (all else being equal), OXY’s stock price to move $10/share. 10x10.

10x10 . . . well that is, until this quarter.

Because finally, we’re getting some traction.