Posted 1/1/2024, 1:00:25 PM
Occidental Petroleum Stock Drops Despite Strong Fundamentals
- Occidental Petroleum's (OXY) stock has declined recently despite solid financials and fundamentals
- OXY has a high return on equity (ROE) of 19%, indicating efficient use of shareholders' capital to generate profits
- OXY's earnings have grown 27% over the past 5 years, similar to industry average growth
- OXY reinvests 98% of its profits to drive business growth, seen in its high earnings growth
- Analysts expect OXY's future earnings growth to slow down, though ROE is expected to remain steady