Posted 12/2/2023, 11:00:18 AM
Occidental Petroleum's Impressive Growth and Healthy Dividend Make It a Long-Term Buying Opportunity Despite Recent Share Price Drop
- Occidental Petroleum (OXY) has seen impressive 27% net income growth over the past 5 years despite having lower ROE than industry average
- The company is efficiently reinvesting 98% of its profits back into the business to fuel earnings growth
- OXY has been paying steady dividends for at least 10 years, showing commitment to shareholders
- Analyst forecasts predict OXY's high earnings growth will slow down going forward
- Despite attractive past financials, OXY share price has dropped 8.9% in last 3 months, presenting a buying opportunity