Occidental Petroleum remains one of the most interesting large US energy companies, with substantial exposure to oil and gas production and particularly valuable positions in the Permian Basin.
The company's ability to generate significant cash flow when oil prices are favourable makes OXY attractive to investors who remain bullish on conventional energy.
Occidental also has longer-term opportunities involving carbon management and carbon capture, potentially giving the company another avenue for growth beyond traditional oil production.
Debt and commodity-price sensitivity remain important considerations, but OXY owns substantial real-world assets.
Overall: OXY combines major US energy assets, powerful cash-flow potential and interesting longer-term carbon-management opportunities. It remains a strong stock for investors who believe oil and gas will continue playing a major role in the global energy system.
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