Occidental Petroleum: Favorable Setup [Seeking Alpha]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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US:NYSE Investor Relations:
oxy.com/investors/pages/default.aspx
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Source: Seeking Alpha
Seeking Alpha - Go to HomepageOccidental Petroleum: Favorable SetupJul. 05, 2022 4:57 PM ETOccidental Petroleum Corporation (OXY)JHMEPXEFXNFTXNFCGRYEERXXLENANRIYEFENYVDE11 Comments2 LikesThe Asian Investor14.39K Follower sSummaryimaginima/E+ via Getty ImagesSoaring market prices for petroleum products have led to an incredible windfall in profits for the industry as a whole. Occidental Petroleum Corporation (NYSE:it has seen a surge in free cash flow recently. I believe the producer could see between $12-13B in free cash flow in FY 2022 and will likely see a fundamental improvement in balance sheet strength as it repays more of its debt. Since Occidental Petroleum is selling at a P/E ratio of only 7.3 X, based off of next year's expected profits, the risk profile is still heavily skewed to the upside!Pricing strength in energy market likely to stayIn 2022, a sharp upwards revaluation of energy products has taken place, chiefly because of Rus
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OXY
News
- Ivanhoe Capital Joins Pure Lithium's Series A Financing with Existing Investors [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (OXY) Stock Dips While Market Gains: Key Facts [Yahoo! Finance]Yahoo! Finance
- Occidental Stock Is Still Quite Undervalued [Seeking Alpha]Seeking Alpha
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Susquehanna from $70.00 to $81.00. They now have a "positive" rating on the stock.MarketBeat
- With 52% ownership of the shares, Occidental Petroleum Corporation (NYSE:OXY) is heavily dominated by institutional owners [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form 8-K
- 3/21/24 - Form 4
- OXY's page on the SEC website