In my ongoing search for undervalued companies that present deep value investment opportunities, I have recently found myself taking a closer look at the oil and gas industry in light of the sentiment-based sell-off of oil and gas juniors. In this article, I am going to examine the U.S. domiciled integrated oil and gas company Occidental Petroleum (OXY), which continues to be unloved by the market, with its shares having fallen by just over 21% over the last year. This, I believe, has created a value investment opportunity for investors seeking exposure to the integrated oil and gas sector; in this article, I will explain why.
Company Background
Occidental Petroleum is an integrated oil and gas exploration...