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Occidental Petroleum: Valuation, Fundamentals Can Create Further Upside

Seeking Alpha·Asian Value Investor·6 months ago
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Summary

Occidental Petroleum Corporation offers compelling upside, with a target price as high as $130—more than double current levels—driven by robust fundamentals and technicals.

Geopolitical tensions and supply disruptions create tailwinds for OXY, as US oil becomes a preferred, stable source amid global uncertainty.

OXY’s integrated upstream and midstream operations enhance margins and cost control, supporting resilient performance even as oil prices and operating costs rise.

Technical indicators remain strongly bullish for OXY, with momentum and buying signals reinforcing the strong buy rating and highlighting attractive entry opportunities.

halbergman/iStock via Getty Images

As the Middle East tension remains intense, oil prices continue to soar above $100 per barrel. While this can be alarming for various industries, US oil producers are digging and producing gems.…

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