Should You Buy Occidental Petroleum While It's Below $55?

Occidental Petroleum (OXY -1.35%) is a major player in the energy sector and is one of the United States' top oil and gas producers. After a banner year in 2022, Occidental strengthened its balance sheet and reduced its debt. However, the past couple of years have been tough for the company. Since its recent peak at $76 per share in late 2022, the stock has fallen by 35% over the past few years. With the stock down in recent years, investors may wonder if now is the time to jump in. Let's delve deeper into ...