Occidental Petroleum Corporation (OPC.DE) Stock Analysis & Winston Score

Occidental Petroleum is a large American oil and gas company. It drills for oil and natural gas, mainly in the United States, and sells that energy to refineries, utilities, and industrial customers. It also has a chemicals division called OxyChem, which makes basic industrial chemicals used in plastics and other products. Occidental earns most of its revenue by selling crude oil and natural gas, so its income rises and falls with commodity prices. It operates primarily in the Permian Basin in Texas and New Mexico, one of the most productive oil regions in the world, which gives it a cost advantage over many rivals. The company carries significant debt after its large acquisition of Anadarko in 2019, and Warren Buffett's Berkshire Hathaway owns a major stake in the business. The biggest risk Occidental faces is a sustained drop in oil prices, which would squeeze margins and make its debt load harder to manage.