2024-04-29 18:09:03 ET
Summary
- Occidental Petroleum Corporation has diverse operations, including oil and gas exploration, chemical production, and investments in low carbon operations.
- The company's shares are starting to look fairly valued, so a neutral stance may be prudent at this point.
- Cash flow analysis shows robust results, but shares seem to have limited upside from here based on current pricing.
Although I don't own shares of it and never have, I have been a fan of Occidental Petroleum Corporation ( OXY ) for some time. After all, it's difficult to be bearish on a company that Warren Buffett is a fan and owner of. Furthermore, oil markets have been elevated rather significantly over the past couple of months, with restrictive OPEC+ policies, combined with geopolitical concerns regarding Russia and Ukraine, as well as Israel, Gaza, and Iran, fueling the upside....
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Occidental Petroleum Stock: Fairly Valued After A Great Run Higher