Occidental Petroleum: An Improved Balance Sheet Results In A Great Opportunity

The Value Portfolio Investing Group Leader Follow Summary Occidental Petroleum has reduced debt to $11.8 billion, nearing its $10 billion target, strengthening its balance sheet and future flexibility. OXY projects sustainable $4 billion annual cash flow by 2030, with significant free cash flow growth even at $50–$65 WTI oil prices. The company’s 2% dividend yield is set to rise, supported by robust cash flow, cost efficiencies, and minimal near-term debt maturities. With strong Q2 2026 financials and double-digit FCF yield potential, OXY is positioned as a compelling long-term investment, barring a sharp oil price decline. The Retirement Forum members get exclusive access to our real-world portfolio. See all our investments here » Juan Alberto Casado/iStock Editorial via Getty Images Occidental Petroleum ( OXY ) is a $55 billion upstream company with a diversified portfolio of assets. The company has seen a volatile share price as a result of volatile oil prices with the US-Iran-Israel war. The This article was written by The Value Portfolio 38.1K Followers Follow The Value Portfolio specializes in building retirement portfolios and utilizes a fact-based research strategy to identify investments. This includes extensive readings of 10Ks, analyst commentary, market reports, and investor presentations. He invests real money in the stocks he recommends. He is the leader of the investing group The Retirement Forum with features including: model portfolios, macro overviews, in-depth company analysis and retirement planning information. Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of OXY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.