Occidental Petroleum Corporation

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SKU: OXY-1 Category:

Description

Occidental Energy had become a buzzing stock after Warren Buffett’s Berkshire Hathaway boosted its stake in the energy major. The company has been heavily profitable and reported another all-around beat. The management also activated its share repurchase program and completed its near-term debt reduction objective. It started to repurchase shares this quarter, thus advancing its framework of shareholder return as a part of the commitment for the company to return cash to the shareholders. In the last quarter, Occidental’s profitability remained strong, generating a record free cash flow level. The efforts of the management to improve its balance sheet stay ongoing. Recently, Occidental entered an agreement in Algeria with Sonatrach to enter an innovative 25-year production-sharing agreement that will roll the existing Oxy licenses into a single agreement. Conditions in the business of caustic soda continue to improve and remain very strong. It is important to highlight that certain areas where Occidental operates particularly the Permian, is experiencing higher inflationary pressures. However, the Permian production delivery stays quite strong. The company is expanding and enhance its relationship with the EcoPetrol situated in the Permian Basin. We provide the stock of Occidental with a ‘Hold’ rating and a revision in the target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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