Occidental Petroleum Corporation (NYSE:OXY) is an energy giant that acquires, explores, and develops oil and gas properties. The company has had a rough go in recent months, resulting in the stock shedding more than 10% in market value, making it one of the worst-performing blue chip stocks in 2024, given that the S&P 500 is up by about 20%.
Don't be surprised when the acquisition train hits you... Someone will buy you at a significant discount and absorb the few good morsels....
@1jam+1v6nD7ug, i’m trying to decide if you or OP is more sarcastic. Or, if you are OP (I think is true). I won’t tell you which one of you it is, but I’ll just say congratulations.
Oxy's stock is down because no one can see the value after spending Billions and Billions of dollars on two acquisitions (WB does because of the preferred dividend he receives). If I have to compare Oxy of five years ago (pre acquisitions) , I think you've missed the point. Not looking for love, just trying to get to stock parity before I flush this t**d.
Sorry OP. You’re not getting the love you thought you would with this post.
Oxy is down recently because of oil prices. If you want a true measure of performance go back 5 years ago and compare the stock price to today for several energy companies. The only fair comparison is within the same sector.
Energy sector as a whole is down 7.76%, 3.4x leverage, and still a lot debt… why buy oxy? Better options out there.