Beyond the Tech Giants: 35 Non-Tech AI Opportunities

6. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 62     

Occidental Petroleum Corporation (NYSE:OXY) engages in the acquisition, exploration, and development of oil and gas properties in the United States, the Middle East, and North Africa. The firm uses AI for exploration and production, as AI tools help in analyzing geological data to identify potential oil and gas reserves more accurately. Machine learning models can predict the location of new reserves by analyzing seismic data, well logs, and other geological information. The company also uses AI tools for reservoir management and predictive maintenance. In the latter, AI is employed to predict equipment failures before they occur by analyzing data from sensors and historical maintenance records.

Occidental Petroleum Corporation (NYSE:OXY) is one of the most prominent oil and gas stocks on Wall Street. Susquehanna recently lowered the price target on the stock to $78 from $81 and kept a Positive rating, highlighting that the advisory had reduced natural gas price assumptions through 2026 while keeping crude oil prices flat. The 2025 natural gas price was now $3 per mmbtu from $3.50, and 2026 price was lowered to $3.25 from $3.50. The advisory noted that gas pricing had remained weak in recent months and production would grow in 2025, driven from the return of temporary curtailments and additional pipeline capacity coming online.