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OXY - Occidental's Hostile Anadarko Bid Greases The Wheels For Energy M&A
Occidental Petroleum Corporation
Over its rich history, Occidental Petroleum (OXY) has demonstrated an ability to invest within the confines of its cash flow. Its history is marked by a focus on achieving high returns rather than simply increasing production. Occidental has completed a series of asset divestitures bolstering its cash hoard and shifting its attention on higher margin production. It is concentrating on shorter cycle projects such as the Permian Basin to enhance financial flexibility and lower its risk profile. This strategic pivot is likely to be a long-term positive.