Occidental Petroleum (OXY) a Good Investment in Oil & Gas

the sign outside Occidental Petroleum office buildings in LA.

Occidental Petroleum (OXY) is a solid long-term choice, especially for an investor who wants to participate in the US Oil & Gas Shale segment, particularly in the Permian Basin.

Occidental Petroleum’s 3Q’18 total revenues and other were $6,176 million, up 49.6% from a year ago and up 33.2% sequentially. Excellent quarter which beat expectations.

Total output was 681K Boep/d in 3Q’18. The US operations accounted for a little less than 56.4% of the company’s total production. OXY’s Permian Resources production grew 62% year-on-year.

The stock is a hold, and I believe OXY may eventually weaken more due to the bearish trend that has plagued the oil sector. I recommend buying OXY at $66.5.

Occidental Petroleum is a US-based energy company, specializing mainly in crude oil, natural gas exploration, and production. However, the company’s business operations also include chemical, manufacturing, and marketing.


  1. Occidental Petroleum (OXY) is one of my top holdings in energy, think that it is managed well and has a good future in the market


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