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0.000793021411578096 0.000800951625693858 0.000793021411578096 0 -0.00317208564631252 -0.00158604282315633 -0.00158604282315633 -0.00237906423473443
Stock impact report

Occidental Petroleum Could Be Worth $24 Per Share [Seeking Alpha]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: Seeking Alpha
SummaryThis current oil price is unsustainable, thus there is a high probability it will bounce back in the next two years.Occidental Petroleum can raise enough liquidity to service its debt.When oil price bounces back, Occidental Petroleum will have tremendous upside to the current trading price.Occidental Petroleum (OXYOil price will bounce backWest Texas Intermediate (WTI) has plunged to its 18-year low of $18.27 on Friday, driven by the potentially weak demand. As nearly half of the world’s population is currently in lockdown mode, the demand for oil would drop significantly. The International Energy Agency (IEA) hasestimated20 million bpd in totalSource: YchartsIn the past 20 years, global oil demand has always been higher than the global oil supply by around 10-15 million bpd. As global demand might contract further, depending on the COVID-19 pandemic, we estimate that further production cut is needed to restore the oil price.We are always a firm believer that the price of oil w Show less Read more
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