Occidental Petroleum: This Buffett Stock Is Ready To Rock

Summary

  • Occidental Petroleum stands out amongst its peers for its ROE and profitability.
  • This is a recession-resistant stock, underpinned by a bullish commodity market.
  • The current pull-back offers a good entry point.
  • I do much more than just articles at Technically Crypto: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

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Thesis Summary

Occidental Petroleum (NYSE:OXY) has rallied strongly in the last year, but oil prices have cooled off in recent months. Though numerous factors could send oil further into decline, the current pullback offers a good entry point for a

Income Statement

Income Statement (10-Q)

Crude Price

Crude Price (MarketWatch)

Commodity Cycle

Commodity Cycle (Stifel report)

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Disclosure: I/we have a beneficial 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 (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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