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Occidental Petroleum Corporation (OXY): A Bull Case Theory

We came across a bullish thesis on Occidental Petroleum Corporation (OXY) on Substack by Magnus Ofstad. In this article, we will summarize the bulls’ thesis on OXY. Occidental Petroleum Corporation (OXY)'s share was trading at $43.04 as of May 16th. OXY’s trailing and forward P/E were 17.43 and 18.87 respectively according to Yahoo Finance.

[caption id="attachment_1211505" align="aligncenter" width="768"] Aerial view of oil and gas drilling rigs in sun-kissed desert.[/caption]

Occidental Petroleum (OXY) is down nearly 13% year-to-date and remains unloved by investors despite...