Can Debt Decline & Financial Discipline Boost Prospects of Occidental?

Oil & Energy Companies Are Utilizing Cash Flow to Trim Debts Oil and energy companies are utilizing free cash flows to reduce debt and strengthen their balance sheets. Key Takeaways Occidental Petroleum (OXY) holds a strong position in U.S. shale production, particularly in the Permian Basin, where it leverages advanced drilling technologies and scale advantages to maintain cost efficiency and high margins. Its upstream operations generate substantial free cash flow even in moderate oil price environments, ...