Lanita buys OXY 68.79: However, should oil prices increase, Occidental remains well positioned to increase its capital investments and production growth.

In 2017, production growth is likely to be moderate, as the company may look to be FCF neutral after meeting its dividend commitments. In 2016, Occidental is expected to deliver 5% production growth, helped by its unique asset base and timing of its projects, in addition to generating $800 million in FCF. The chemicals business is expected to contribute near-term earnings before interest, taxes, depreciation and amortization (EBITDA) of around $200 million from the start-up of its Ingleside Cracker project, and $600 million in FCF from 2017 onwards. Occidental Petroleum has a sizeable midstream and chemicals business, which contributes to its defensive nature. The criteria for the investment framework include financial flexibility, balancing growth while limiting cash outflows, and corporate-level returns and efficiencies.


Jolyn:
Analysts at the research firm see Occidental as one of, if not the, best-positioned E&P companies to navigate through the current environment, where oil prices are expected to stay lower for longer.

Whitney:
In a research note released on September 28, analysts at BMO Capital Markets have initiated coverage on Occidental Petroleum.

Idella:
One-month forward Brent crude oil futures are currently trading at $48.29 per barrel, while West Texas Intermediate crude oil futures, with a similar settlement period, are trading at $45.32 per barrel.

Jeane:
The firm raised its 2016 estimates after the firm expected new initiatives, even though its new CEO is making changes already.

Jonna:
Wells Fargo noted that it sees a potentially better mix of the higher average sales price of the 6s-Plus.

Kimber:
Some of these daily analyst calls cover stocks to buy, and other calls cover stocks to sell or avoid.

Sybil:
Yet again, buyers are emerging after weakness, a trend that is now about four years old. 24/7 Wall St. reviews dozens of analyst research reports each morning in order to find new trading and investing ideas for its readers.

Shelly:
The company is trading below its 50-day and 200-day moving averages by 23.95% and 76.40%, respectively.

Clarinda:
The company's shares are trading 15.46% below their 50-day moving average.

Charolette:
Furthermore, the stock has declined 22.69% since the start of this year.

Occidental Petroleum Corp. (NYSE:OXY)
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