Investment Thesis
Occidental Petroleum is a low-cost Permian producer with integrated chemicals (OxyChem) and a leading carbon capture platform (1PointFive). Oil leverage, dividend growth, and DAC projects underpin long-term value.
- Permian Scale: CO2 EOR expertise and low decline barrels support cash flow.
- OxyChem: Chlor-alkali business provides counter-cyclical earnings.
- Carbon Capture: Direct air capture and sequestration deals align with net-zero goals.