Occidental Petroleum Stock: Entered The Buy Zone (Rating Upgrade)
OXYOXY(OXY) Seeking Alpha·2024-01-13 00:48
Brandon Bell Investment Thesis As we enter 2024, Occidental Petroleum Corporation (NYSE:OXY) finds itself at a critical juncture, particularly after its momentous recent decision to acquire CrownRock. This move, a strategic expansion in the Permian basin, significantly shifts OXY's operational dynamics. In our previous analysis, we explored why it's worth waiting for a better entry point and highlighted a discrepancy between OXY's stock price and bottom line performance measures, notably the return on e ...