1) Backup the pwd file or folder :$ORACLE_HOME/dbs/orapw$ORACLE_SID
2) Run the below command as Oracle User give the correct path and the file name...
orapwd file=<path>orapwSID password=oracle entries=5
3) Login sys as sysdba and check the new password.
Some Info...........
Create a new password file:
orapwd file=orapwSID password=oracle entries=5
If the password file already exists:
orapwd file=orapwSID password=oracle entries=5 FORCE=Y
Default location and file name:
The default location for the password file is:$ORACLE_HOME/dbs/orapw$ORACLE_SID on Unix
and %ORACLE_HOME%\database\PWD%ORACLE_SID%.ora on Windows.