Gewinn- und Verlustrechnung von Occidental Petroleum Corporation

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

The Strait of Hormuz has nearly shut down, Iran's hardliners reportedly treated the ceasefire as cover to rearm, and oil stocks are sitting on massive year-to-date gains. So why is crude barely moving, and what does that signal for investors holding XOM, CVX, and the tanker trade?

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Occidental Petroleum remains a Buy, with valuation not reflecting its substantial operational and financial improvements. OXY advances toward its $10 billion debt milestone, enabling greater capital allocation flexibility and supporting greater shareholder returns. Production guidance and midstream income are raised, while well cost and interest expense reductions underpin a robust long-term free cash flow outlook.

Occidental shares have soared by nearly 36% since Greg Abel became Berkshire Hathaway's CEO in January. Further gains hinge highly on a resurgence in crude oil prices, making Oxy a more binary bet than Chevron, another top Berkshire Hathaway oil stock holding.

Occidental Petroleum NYSE: OXY reported second-quarter results that exceeded its production guidance and produced its highest quarterly free cash flow since the third quarter of 2022, while outlining a plan to add more than $4 billion in annual sustainable cash flow by 2030.

Occidental targets more than $4B in annual sustainable cash flow gains by 2030, backed by lower costs, capital needs and a stronger balance sheet.

Higher oil prices boosted Occidental's second-quarter profits. The energy exploration company is prudently paying down debt.

Richard Jackson, Occidental Petroleum CEO and president, joins 'Power Lunch' to discuss the company's quarterly profit, which sailed to its highest since 2022.

U.S. oil producer Occidental Petroleum said on Thursday it expects flat production and capital spending in 2027, adding that it would ​continue to prioritize debt-reduction efforts.