Occidental Petroleum: Set To Profit From Winter Fuel Shortage

Crystal Allen profile picture
Crystal Allen
300 Followers

Summary

  • Global events are signaling a massive fuel shortage as winter approaches, particularly in Europe. This will exert upward pressure on the price of fuel the world over.
  • Occidental Petroleum outshines its competitors in terms of financial fundamentals.
  • Occidental has defied this current stock market melt-down and is up 99% year to date, even as the S&P 500 is down 19%.
  • Long term, the following few years could be the last call for oil company profits as nations around the world decouple their fuel supply from global politics and turn to reliable, locally-based fuel sources.

Oil and gas industry. Oil pump oil rig energy industrial machine for petroleum in the sunset background, Increase in oil production

Evgenii Mitroshin

Why Oil Company Profits Will Rise Over the Coming Winter

The price of fuel relaxed over summer in the US as people chose to stay home and save their money in lieu of shopping trips and restaurant

Pie Chart Russian LNG

U.S. Energy Information Administration

Barchart of Global LNG Exports

U.S. Energy Information Administration

small purple line graph

Henry Hub Natural Gas Spot Price

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Author Created Table (Stats drawn from SeekingAlpha)

Table with pink and green rows

Author Created Table (Statistics gathered from Reuters.com)

Yahoo Chart with multiple colored lines

Yahoo Charts

Triple chart for solar wind nat. gas

U.S. Energy Information Administration

Bar chart global hydrogen station...

Author Created Chart (Stats gathered from Researchgate)

This article was written by

Crystal Allen profile picture
300 Followers
Crystal Allen has worked as a researcher and blog writer for a Boston-based investor relations company for the life sciences sector. She has also worked as a communications manager for a Fortune 500 database management company located in Silicon Valley. Before that she was a journalist who researched and produced stories regarding the financial implications of the health science sector, the high tech sector, and other related topics.

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. I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: The content of this article is intended for experienced investors capable of conducting their own market research and making well-informed investment decisions. This information should not be construed as advice or a recommendation for any particular security, transaction, or investment strategy. If you need investment advice, please contact a licensed financial advisor.

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