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Softer crude prices, slowing production growth and mounting renewable demand are making the prospects for the Zacks Oil & Gas US Integrated industry gloomy. ConocoPhillips (COP), Occidental (OXY) and National Fuel (NFG) are well-positioned to survive the challenges.

A global oil glut is sending oil prices lower, and oil stocks with them.

Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Texas Permanent School Fund Corp reduced its holdings in shares of Occidental Petroleum Corporation (NYSE: OXY) by 31.4% in the undefined quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,862 shares of the oil and gas producer's stock after selling 22,843

Assenagon Asset Management S.A. lessened its holdings in shares of Occidental Petroleum Corporation (NYSE: OXY) by 43.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 120,538 shares of the oil and gas producer's stock after selling 93,564 shares

Occidental Petroleum doesn't have a visible strategy for growing shareholder value. ConocoPhillips has a clear plan to grow its cash flow through 2029.

Occidental Petroleum is positioned for substantial returns, supported by a recent $9.7 billion OxyChem divestiture involving Berkshire Hathaway. The OxyChem sale enhances OXY's capital flexibility and strategic focus, potentially improving shareholder returns. Berkshire Hathaway's significant ownership and involvement underscore confidence in OXY's execution and long-term value proposition.

Occidental Petroleum's returns have followed oil prices in recent years. Its debt reduction strategy has paid off over the longer term.

Occidental Petroleum is reiterated as a Strong Buy thanks to strategic debt reductions, cost efficiencies, and a transformative OxyChem divestiture. OXY expects to use $6.5B from the OxyChem sale for accelerated debt repayment, targeting