Core Viewpoint - Occidental Petroleum Corporation (OXY) is experiencing a bullish trend as it trades above its 50-day simple moving average (SMA), driven by its focus on the Permian Basin and contributions from inorganic assets [1][3]. Performance Summary - OXY has rallied 22.2% in the past three months, outperforming the Zacks Oil and Gas – Integrated-United States industry and the S&P 500 Composite [6][8]. - The company has cut $6.8 billion in debt over the past 10 months, which has boosted income despite falling earnings estimates [8][12]. Key Drivers - Strategic acquisitions, including Anadarko Petroleum in 2019 and CrownRock L.P. in 2024, have significantly enhanced production volumes and top-line performance [10]. - International assets, such as Qatar's Dolphin gas project and Oman's Mukhaizna oilfields, are expected to contribute 226-236 thousand barrels of oil equivalents per day in 2025 [11]. - OXY's low-cost operations in the Permian Basin and systematic capital investment are expected to enhance well productivity and reduce lifting costs [12][13]. Financial Metrics - The Zacks Consensus Estimate for OXY's 2025 and 2026 earnings per share has decreased by 4.64% and 11.03%, respectively, in the past 60 days [15]. - OXY's return on equity (ROE) stands at 16.6%, slightly below the industry average of 16.89% [21]. - The current trailing 12-month Enterprise Value/Earnings before Interest Tax Depreciation and Amortization (EV/EBITDA TTM) for OXY is 5.35X, compared to the industry average of 4.97X, indicating that OXY's shares are trading at a premium [25]. Conclusion - OXY's focus on debt reduction and strong domestic and international operations, along with benefits from recent acquisitions, are expected to support overall performance despite challenges from volatile commodity prices and declining earnings estimates [27].