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re: Occidental Petroleum CEO predicts steady oil prices, then a surge
Posted on 10/14/25 at 8:39 pm to ragincajun03
Posted on 10/14/25 at 8:39 pm to ragincajun03
quote:
But if they double in five years, I’ll be a happy camper.
That sounds doable.
0
Posted on 10/14/25 at 8:46 pm to Lakeboy7
They have ~$2.5B of cash/equivalents and ~$25B of debt. I don’t see what’s exciting about “tons of cash” from that perspective.
Posted on 10/14/25 at 9:49 pm to ragincajun03
They are pinching there suppliers HARD. To the point that they don't care if they even break even.
This post was edited on 10/15/25 at 5:57 am
Posted on 10/15/25 at 8:24 am to Negatiger1986
quote:
~$25B of debt
Supposedly will be able to get that number under $20B due to the sale of OxyChem.
Posted on 10/15/25 at 9:01 am to ragincajun03
Sure, reducing debt has been a key focus for them since the Anadarko deal and they have executed well in that regard. I actually like OXY too, they have a great asset base, but caution against “tons of cash” as an investment thesis. They also have “tons” of debt.
Posted on 10/15/25 at 11:09 am to fightin tigers
quote:
Nah, our margins are going to look like shite?
I don't know about the margins, but I have always heard they have fields with productions costs as low as the Saudis.
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