Should You Buy Occidental Petroleum While It's Below $55?
Occidental Petroleum (NYSE: OXY) is a major player in the energy sector and is one of the United States' top oil and gas producers. After a banner year in 2022, Occidental strengthened its balance sheet and reduced its debt.However, the past couple of years have been tough for the company. Since its recent peak at $76 per share in late 2022, the stock has fallen by 35% over the past few years. With the stock down in recent years, investors may wonder if now is the time to jump in.Let's delve deeper into the business and see if the stock is right for you.Continue reading
Occidental Petroleum (NYSE: OXY) is a major player in the energy sector and is one of the United States' top oil and gas producers. After a banner year in 2022, Occidental strengthened its balance sheet and reduced its debt.
However, the past couple of years have been tough for the company. Since its recent peak at $76 per share in late 2022, the stock has fallen by 35% over the past few years. With the stock down in recent years, investors may wonder if now is the time to jump in.
Let's delve deeper into the business and see if the stock is right for you.
