Occidental Petroleum Corporation (OXY): A Bull Case Theory

We came across a bullish thesis on Occidental Petroleum Corporation (OXY) on Substack by Oliver | MMMT Wealth. In this article, we will summarize the bulls’ thesis on OXY. Occidental Petroleum Corporation (OXY)'s share was trading at $49.97 as of Nov 15^th. OXY’s trailing and forward P/E were 13.69 and 14.35 respectively according to Yahoo Finance.

[caption id="attachment_1209709" align="aligncenter" width="768"] An oil rig in the midst of extracting oil and natural gas from the earth, illuminated by the setting sun.[/caption]

Occidental Petroleum (OXY), headquartered in...