Added to YB: 2024-01-17
Pitch date: 2024-01-16
OXY [bullish]
Occidental Petroleum Corporation
-27.87%
current return
Author Info
No bio for this author
Company Info
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.
Market Cap
$42.1B
Pitch Price
$53.96
Price Target
N/A
Dividend
2.25%
EV/EBITDA
5.09
P/E
30.75
EV/Sales
2.69
Sector
Oil, Gas and Consumable Fuels
Category
turnaround
The Growth Bug Bites Occidental Petroleum
$OXY surprises with CrownRock buy despite prior M&A hesitance. $1B FCF potential vs peers $BTE $VTLE, but high price & debt. Mgmt touts immediate FCF/sh accretion, asset sales & industry tailwinds. Insider buys signal confidence in early recovery cycle. Attractive buy.
Read full article (6 min)