Occidental Petroleum (OXY)

TLDR: BUY

Macro  ◇  Management  ◇  Risks  ◇  Fundamentals  ◇  Valuation  ◇  Investors

Occidental Petroleum (OXY) is an American company engaged in international hydrocarbon exploration, petrochemical manufacturing, and building up low-carbon technologies.

  • Major macro factors are about to influence oil, and I believe picking up Occidental Petroleum at current prices will yield long-term gains from its recent lower swing in stock price.
  • The Ukraine conflict, OPEC+, China easing lockdown policies, and US Government support the thesis of higher oil prices.
  • Even using conservative valuations, I believe OXY stock is poised for major shareholder returns over the next 5 to 10 years.
  • In my view, Occidental Petroleum is a strong buy at current levels and the inevitability of oil price increases favors the long-term holder.

My personal average in OXY is around $55 per share, due to selling call options helping average my total investment price down.

Since the report is 20 pages long, it has been broken into a 2,800-word summary and uploaded to SeekingAlpha; click here to view it.

If you would like a full comprehensive OXY report with access to future reports on other companies without view limitations, consider subscribing to my Patreon. 

Supporting Articles & Videos

Free Articles:
  1. Occidental Petroleum 10K, 2021
  2. Price Cap, Reuters
  3. Russian Sanctions, BBC
  4. Business Cycle, Fidelity
  5. EU Oil Problem, Oilprice
  6. CPI Report
  7. American Oil Stockpile, CNN
  8. Biden & the SPR, CNN
  9. Oil Imports and Exports, EIA
  10. China COVID Policy, Smriti Mallapaty
  11. China Supply Chain Crisis, Business Insider
  12. China's re-opening J-curve in oil, Reuters
Paywalled Articles:
  1. OPEC Production, WSJ
  2. OPEC Discussions, WSJ
  3. OPEC Production Cut, WSJ
  4. Ukraine War & Oil, Bloomberg

  5. Russia Bans Sales of Oil, WSJ

 

 


Disclosure: I have an advantageous long position in the shares of OXY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article. I am not an investment advisor, and this article does not recommend purchasing or selling stock. Investors are advised to review all company documents and press releases to see if the company fits their investment qualifications.

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