Camilo on Nostr: Occidental Petroleum 🛢️ $OXY Price Target: $130 Reasons to be optimistic: • ...

Occidental Petroleum 🛢️ $OXY
Price Target: $130

Reasons to be optimistic:
• Increased global energy needs for the foreseeable future
• Conservative debt management
• Leading share of Permian basin reserves
• Leader in nascent carbon capture credit industry

Risks:
• Shift to renewable energy sources
• Competitive pressure from other global producers
• Global volatility

Not financial advice. I may own shares of OXY.