Occidental Petroleum Corporation (OXY) Stock Analysis & Winston Score

Occidental Petroleum is an oil and gas company that finds, drills, and sells crude oil and natural gas. It also runs a large chemicals business called OxyChem, which makes basic industrial chemicals used in plastics, water treatment, and construction. Occidental operates mainly in the United States, with major production in the Permian Basin of Texas and New Mexico, plus operations in the Middle East and Latin America. The company makes money by selling oil, natural gas, and chemicals — so its revenue rises and falls with commodity prices. Occidental is one of the largest producers in the Permian Basin, which gives it a cost advantage in one of the most productive oil regions in the world. The company carries significant debt taken on after its 2019 acquisition of Anadarko Petroleum, and paying that debt down remains a priority. The biggest risk Occidental faces is a sustained drop in oil prices, which would quickly squeeze profits and make debt repayment harder.