Home Stock Ideas Long Ideas Energy Analysis Summary Occidental Petroleum remains a Buy, supported by a strengthened balance sheet, debt repayments advancing close to their target, and a low-cost diversified portfolio. OXY’s 2026 guidance targets $5.5–$5.9B in CAPEX, $750M interest expense, and $1.2B+ FCF improvements, with production of 1,410–1,460 Mboed. The near-term oil price boost from Middle East conflict aids deleveraging, but normalization could pressure margins and valuation if fundamentals weaken. With a new CEO and an intrinsic value estimated above current levels, OXY is positioned for long-term value, though volatility and macro risks persist.…