Occidental Petroleum: Maybe We Were Wrong And Buffett Right

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Juxtaposed Ideas


  • The hype continues, with oil prices still well supported and OXY's stock prices rallying, despite the growing recessionary fears.
  • Nothing is definite now, as OPEC+ raises the stakes with output cuts and Biden releasing another 15M barrels, festering further market uncertainties.
  • The Fed also has a tough nut to crack, with inflation remaining sticky and the US labor market surprisingly robust in September. Thereby, triggering further aggressive hikes through 2023.
  • OXY is also expected to report FQ3'22 earnings by 08 November 2022, potentially triggering more volatility, depending on its forward guidance.

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Investment Thesis

Despite our original conjectures, it seems that oil prices remain well supported, with crude oil currently at $83.54 at the time of writing, indicating a -15.29% correction since our last analysis at the end of June 2022. On the other hand, Occidental Petroleum

15Y Crude Oil Prices

Market Insider

OXY Revenue, Net Income % and EPS

S&P Capital IQ

OXY Cash/ Equivalents, FCF % and Dividend

S&P Capital IQ

OXY Projected Revenue, Net Income % and EPS

S&P Capital IQ

OXY Projected FCF % and Dividend

S&P Capital IQ

OXY 5Y EV/Revenue and P/E Valuations

S&P Capital IQ

OXY 10Y Stock Price

S&P Capital IQ

This article was written by

Juxtaposed Ideas profile picture
I am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.Prior to Seeking Alpha, I worked as a professionally trained architect in a private architecture practice, with a focus on public and healthcare projects. My qualifications include:- Qualified Person with the Board of Architects, Singapore.- Master's in Architecture from the National University of Singapore.- Bachelor in Arts from the National University of Singapore.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or leave a comment on one of my articles.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Additional disclosure: The analysis is provided exclusively for informational purposes and should not be considered professional investment advice. Before investing, please conduct personal in-depth research and utmost due diligence, as there are many risks associated with the trade, including capital loss.

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