Occidental Petroleum Corp. Stock
Pros and Cons of Occidental Petroleum Corp. in the next few years
Pros
Cons
Performance of Occidental Petroleum Corp. vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| Occidental Petroleum Corp. | 0.290% | 1.812% | 6.571% | 10.695% | 15.680% | 208.935% | 15.320% |
| Diamondback Energy | -0.540% | 1.718% | 6.462% | 47.591% | 36.246% | 204.848% | 91.588% |
| Devon Energy Corp. | -1.370% | 0.527% | 8.672% | -1.328% | 17.257% | 178.598% | 57.201% |
| Pioneer Natural Resources | -0.080% | 2.610% | 9.178% | 25.146% | 26.250% | 112.851% | 64.716% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.Upon first glance, Occidental Petroleum Corporation (OXY) presents a stable financial profile with considerable potential for growth. As a key player in the oil and gas industry, Occidental shows improvements in its current financial statements compared to previous years. However, the company has experienced fluctuations throughout the years, which raises necessary questions on the sustainability of its financial health.
*Pros: * 1. Increasing Net Income: Occidental has witnessed a significant increase in net income in 2022, from $2.32 billion in 2021 and a net loss of $15.67 billion in 2020. This could indicate an improvement in the company's operations and potential future growth.
Positive Free Cash Flow: The company has consistently maintained positive free cash flows, which indicates a healthy financial position and available resources for potential investments, expansions, or dividend payments.
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