Prediction: If Oil Holds Above $100, Occidental Petroleum Stock Could Return 20% By Year-End
The Motley Fool
Occidental Petroleum (OXY) stock could rise approximately 20% to $70 per share by year-end if WTI crude oil remains above $100 per barrel. Currently trading at $58, OXY is highly sensitive to oil prices due to its upstream-focused business model. The company maintains a breakeven point of $40-45 per barrel and generates rapid free cash flow above $60 per barrel. Recent geopolitical tensions in the Middle East and the Strait of Hormuz closure support elevated oil prices, while OXY's integration o...
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