Occidental Petroleum Is A Buy Once Again
Portfolio Pulse from
Occidental Petroleum reported strong 3Q 2024 results with record production and significant free cash flow. The CrownRock acquisition is expected to further boost production. The company is rapidly reducing debt and offers a promising free cash flow yield, indicating potential for substantial shareholder returns.

November 15, 2024 | 2:30 pm
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Occidental Petroleum's 3Q 2024 results show record production and strong free cash flow. The CrownRock acquisition is expected to further boost production, and the company is rapidly reducing debt, offering a promising free cash flow yield.
Occidental Petroleum's strong 3Q 2024 results, including record production and significant free cash flow, indicate robust operational performance. The CrownRock acquisition is expected to further enhance production, and the company's rapid debt reduction strengthens its financial position. These factors contribute to a positive outlook for shareholder returns, making the stock likely to rise in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100