Occidental Petroleum Stock to Surge if Oil Hits $100

Occidental Petroleum's stock price is closely tied to oil prices due to its upstream business model. The company generates most of its revenue from exploration and extraction, making it more sensitive to changes in crude oil prices.

Oxy's breakeven range for maintaining capex and dividends is between $40-45 per barrel, while its free cash flow grows rapidly above $60 per barrel. With WTI crude oil trading above this range, Oxy should remain financially stable.

However, if oil prices rise above $100 per barrel, Occidental Petroleum's stock could potentially increase by 20% or more by the end of 2026. At this price level, Oxy would still be considered undervalued relative to its growth potential.