Occidental Petroleum: Great Inventories To Ride Lower Structural Capex In The Industry

Impact · against what's priced in

The article provides no new catalysts for Occidental Petroleum, as its bullish outlook on oil prices and industry capex constraints is already reflected in the company's current valuation. The market continues to ignore the company's long-term cash flow targets regardless of the broader industry supply-demand balance.

OXY+0.00

Already priced in

The price assumes

The current 19% free cash flow margin and the roughly $5.1 billion of free cash flow at a $70 realized oil price.