3 Reasons to Buy Occidental Petroleum (and Warren Buffett Isn't 1 of Them)
Close to a Needle-Moving Acquisition
Occidental Petroleum's pending $12 billion acquisition of CrownRock is expected to significantly increase its annual free cash flow, enabling quicker debt repayment and potential share buybacks.
The Chemical Equation
The company's investments in expanding its chemicals business are projected to yield substantial earnings growth, offering resilience against oil price volatility.
Capturing a Potential Massive Opportunity
Occidental's focus on lower-carbon energy solutions through its Oxy Low Carbon Ventures presents a major growth avenue with the potential to become a multi-trillion-dollar industry in the future.
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