Can Acquisitions Create Long-Term Value for Occidental Petroleum?

Key Takeaways Occidental's acquisitions of Anadarko and CrownRock expanded its Permian Basin scale and asset quality. The deals added low-breakeven, high-margin production, bolstering free cash flow and operational efficiency. OXY stock rose 21% in three months, up from its industry's 12.6% growth despite a lower-than-average ROE.Occidental Petroleum Corporation (OXY) is well-positioned as a leading U.S. oil and gas producer with a diversified portfolio and operational footprint focused on high-return bas ...