Drilling Into Occidental Petroleum's CrownRock Acquisition

Houston-based Occidental Petroleum Corp. (OXY) released its third-quarter results on Nov. 7. The company, which I have been following since 2017, is an integrated oil producer with three major segments, not just oil and gas. The diagram below shows the revenue per segment for the three-month period. In terms of revenue, the oil and gas segment is the largest, accounting for 76.6% of total revenue in the third quarter. It produces oil, natural gas and natural gas liquids in the United States, including the ...