Occidental Petroleum (OXY) Posts Strong Q3 Earnings, UBS Maintains Neutral Rating

Core Insights - Occidental Petroleum Corporation (NYSE:OXY) is recognized as one of the 9 hot energy stocks to buy, with UBS reaffirming a Neutral rating and a $45 price target following the Q3 2025 earnings report [1] Financial Performance - The company reported an operating cash flow exceeding $3.2 billion and a profit of $0.65 per diluted share for Q3 2025 [2] - Occidental produced 1.47 million barrels of oil equivalent per day, with significant output from the Permian Basin [2] Future Outlook - Occidental aims to reduce its debt to less than $15 billion through funds from the OxyChem sale, with expectations of flat to 2% production growth and capital expenditures of $6.3-$6.7 billion in 2026 [3] - UBS notes that successful debt reduction could help Occidental's shares recover from this year's underperformance, highlighting a "large performance gap" compared to industry rivals [3] Company Profile - Occidental Petroleum Corporation, based in Houston, Texas, is a diversified energy company involved in hydrocarbon exploration and production across the U.S., the Middle East, and North Africa [4]