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 $39.83 as of April 23^rd. OXY’s trailing and forward P/E were 17.62 and 17.86 respectively according to Yahoo Finance.

[caption id="attachment_1217821" align="aligncenter" width="768"] A vast oil and gas rig silhouetted in the sunset, capturing the power of Swift Energy Company.[/caption]

Occidental Petroleum (OXY), having fallen more than 40% from...