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Occidental Petroleum (OXY) Stock Sinks As Market Gains: What You Should Know. Occidental Petroleum (OXY) closed the most recent trading day at $46.29, moving -0.3% from the previous trading session.Why should you add oxy (oxy) to your portfolio?
Oxy generates much more cash than it spends, which means once the balance sheet has been patched up it can restore its industry-leading payouts to shareholders. The low carbon ventures segment is synergistic with Oxy's chemical business and Oxy's EOR portfolio holdings and expertise give it a natural advantage in carbon capture.Are oxy’s Permian Wells a high-cost source of production?
Though Oxy’s Permian wells exhibit very high initial production rates, they also decline very quickly. The EOR segment is very capital-intensive and is a high-cost source of production.Why invest in oxy's low carbon Ventures business?
The low carbon ventures segment is synergistic with Oxy's chemical business and Oxy's EOR portfolio holdings and expertise give it a natural advantage in carbon capture. Oxy has a dominant position in the Permian Basin, which is the cheapest source of production in the U.S. and is expected to be a major growth engine in the next few years.