Should You Buy Occidental Petroleum While It's Trading Below $45?
A lot has changed about Occidental Petroleum (NYSE: OXY) since around 2020. Some of the changes were good and some weren't, though how you view the company may depend a little bit on your approach to investing.Occidental Petroleum has some very well-known supporters, but does that make it a buy while the shares trade below $45?Occidental Petroleum, which is usually just shortened to Oxy, is a large business, with a market cap of around $40 billion. However, large is a relative term, as that valuation is relatively small compared to the largest players in the energy sector. For instance, industry giant ExxonMobil (NYSE: XOM) has a market cap of around $440 billion.Continue reading
A lot has changed about Occidental Petroleum (NYSE: OXY) since around 2020. Some of the changes were good and some weren't, though how you view the company may depend a little bit on your approach to investing.
Occidental Petroleum has some very well-known supporters, but does that make it a buy while the shares trade below $45?
Occidental Petroleum, which is usually just shortened to Oxy, is a large business, with a market cap of around $40 billion. However, large is a relative term, as that valuation is relatively small compared to the largest players in the energy sector. For instance, industry giant ExxonMobil (NYSE: XOM) has a market cap of around $440 billion.
