Occidental Petroleum (OXY) Stock: Goldman Says Buy, Here’s Why

Occidental Petroleum: Great Inventories To Ride Lower Structural Capex In The Industry

Occidental Petroleum (OXY) is a wildcard amid challenging oil industry conditions. Read here for a detailed investment analysis.

Goldman Sachs Upgrades Occidental Petroleum (OXY) Stock to Buy with $69 Price Target

Goldman Sachs upgraded Occidental Petroleum (OXY) to Buy with a $69 price target, citing debt reduction and improved capital efficiency strategies.

Occidental Petroleum (OXY) Stock: Goldman Says Buy, Here’s Why

TLDR Goldman Sachs upgraded Occidental Petroleum to Buy from Neutral, raising its price target to $69 from $63. The new target implies roughly 25% upside from current levels. Analyst Neil Mehta pointed to debt reduction, oil recovery technology, and a $4 billion cash flow initiative targeting 2030....