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Posted by
Two Blokes Jul 28 -
Filed in
Stock
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2 views
I am downgrading Occidental Petroleum to hold due to weak oil prices, underwhelming performance, and a challenging profit backdrop. Despite strong free cash flow and cost control, OXY's earnings outlook has deteriorated, and valuation is no longer compelling versus peers. Technical indicators are mixed, with shares below key resistance and the primary trend still bearish, reinforcing my cautious stance.
