"Occidental's operational story is strong, with Q4 2025 production hitting 1,481 thousand barrels of oil equivalent per day, exceeding guidance, and the Permian Basin setting a record at 800 Mboed in Q3 2025."
"The company delivered $10.53 billion in operating cash flow for full-year 2025 while cutting capital expenditure guidance by $500 million from original 2025 targets."
"Capital returns are accelerating, with the quarterly dividend raised 8% to $0.26 per share, doubling over four years."
"Despite the recent pullback, the stock is still up 33.1% year-to-date and 37.8% over the past year, indicating a correction within a strong uptrend."
Occidental Petroleum, a major U.S. oil and gas producer, has seen its stock pull back sharply despite a strong operational performance. The company has reduced its debt significantly following the sale of OxyChem to Berkshire Hathaway, which has allowed for a sharper focus on its core exploration and production business. Recent geopolitical events have contributed to the stock's decline, but it remains up significantly year-to-date. The company has also increased its quarterly dividend and demonstrated strong production growth, particularly in the Permian Basin.
Read at 24/7 Wall St.
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