Occidental Petroleum Corp

OXY remains in a Stage 2 advancing phase, trading above the rising 9/20 EMAs and within an active Lockout Rally that overrides typical overbought constraints. Both medium- and long-term directional biases are bullish, supported by structural strength and elevated sentiment. Short-term conditions favor execution now, with price tightly tracking above sloped EMAs and no exhaustion visible. Under the Growth at Reasonable Price strategy, continuation participation on shallow pullbacks into EMAs or acceptance above recent highs is preferred.

• ↑Debt reduced to $11.8B, lowering interest by ~$740M/year.
• ↑Q2 2026 free cash flow of $3B; targeting >$4B sustainable FCF by 2030.
• ↓Operating expenses rising to ~$8.75/BOE, reducing profit margins.