Displaying Text with Widget Components in VR

Check here for widget component occlusion:

If I set it to Screen, it no longer
clips through anything, but it only
displays on the left side and it’s
incredibly off centered so that you
only see part of it.

It’s most likely because you’ve designed it this way in the Designer. Probably never anchored it properly. Ensure the text is justified (very bottom of the pic) and, with the element of the canvas selected, Ctrl+Shift + left click the centre anchor tile.