Occidental (OXY) Gains From Investments, Permian Basin Focus

Occidental Petroleum’s (OXY) strategic investment to strengthen infrastructure, focus on Permian region, divestiture of non-core assets and strength in international operation are going to drive its performance in the long run.However, this Zacks Rank #3 (Hold) stock has to cope with stiff competition, stringent regulations and commodity price fluctuation.TailwindsOccidental has been investing consistently to strengthen its infrastructure and expand operations. The company invested $4.5 billion in 2022 and ...