Professional
Added to YB: 2026-07-22
Pitch date: 2026-07-19
OXY [neutral]
Occidental Petroleum Corporation
+4.22%
current return
Author Info
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Company Info
Occidental Petroleum Corporation, together with its subsidiaries, engages in the acquisition, exploration, and development of oil and gas properties in the United States and internationally.
Market Cap
$54.6B
Pitch Price
$54.21
Price Target
80.00 (+45%)
Dividend
1.90%
EV/EBITDA
6.46
P/E
74.16
EV/Sales
3.61
Sector
Oil, Gas and Consumable Fuels
Category
value
Our Q2 2026 Letter & Look Ahead: Bedlam - Occidental Petroleum Corporation
OXY (holding update): Trades ~$50 (below pre-war $53) despite higher oil/geopolitical risk. At $65 oil, ~$5.2B FCF; Q2 ~$3B on $95 avg oil. Debt paydown to $10B cuts interest ~$180M/yr (+$2/share). At mid-$80s oil, $9-10B cash flow, 8x = ~$80 (+60%). Deep inventory, midstream = takeover target.
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