OXY's International Operations Are Powering Multi-Dimensional Growth

Core Insights - Occidental Petroleum's global upstream operations are crucial for its growth and resilience, with international assets significantly contributing to production and cash flow, thereby reducing exposure to U.S. shale market volatility [1][4] - The company is expanding its presence in the Middle East and North Africa, being the largest independent oil producer in Oman and deriving nearly 20% of total production from the broader Middle East [2][8] - Recent agreements with Algeria's Sonatrach aim to explore new hydrocarbon zones, enhancing production potential and international partnerships [3][8] International Operations - International operations provide U.S.-based oil and gas companies with diversified revenue streams, stabilizing cash flows and reducing reliance on domestic markets [5] - Companies like ExxonMobil and Chevron benefit from international exposure, which allows them to capitalize on emerging market demand and global energy transition opportunities [6] Financial Performance - The Zacks Consensus Estimate for Occidental's earnings per share has decreased by 10.16% and 17.38% for 2025 and 2026, respectively, over the past 60 days [7] - Occidental's international assets contribute nearly 20% of production and over 25% of proved reserves, supporting long-term stability [8] - The trailing 12-month return on equity (ROE) for Occidental is 16.6%, slightly below the industry average of 16.89% [9] Stock Performance - Occidental's shares have increased by 3.2% in the past month, compared to the industry's growth of 5.4% [11]