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home / news releases / XOM - Occidental Can Keep Rising: It Just Won A Huge Bet And May Be Cheaper At $60 Than It Was At $10

XOM - Occidental Can Keep Rising: It Just Won A Huge Bet And May Be Cheaper At $60 Than It Was At $10

Exxon Mobil Corporation
  • To outbid Chevron for Anadarko CEO Hollub essentially bet the company which almost went bankrupt when the oil price collapsed; OXY recovered brilliantly as oil recovered.
  • OXY may have overpaid, but if the price of oil holds up for a few years it will pay back debt, repurchase shares, and own Anadarko's shale assets for free.
  • Operating cash flow now comes in at all time highs every quarter and may surprise positively for Q1; Wall Street analysts anticipate a 26% cash flow return.
  • OXY has also made headlines for its climate-friendly initiatives.
  • Having sold at the bottom, Buffett bought heavily as OXY rallied, while CEO Hollub made a large buy in March rather than using free cash to diversify her holdings.

For further details see:

Occidental Can Keep Rising: It Just Won A Huge Bet And May Be Cheaper At $60 Than It Was At $10
Stock Information
Company Name: Exxon Mobil Corporation
Stock Symbol: XOM
Market: NYSE
Website: exxonmobil.com
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