Does OXY pay a dividend?
Occidental Petroleum Corporation (NYSE: OXY) is an American company focusing on hydrocarbon exploration and petrochemical manufacturing. Now might be a great time to hold OXY stocks as it yields high returns with low risk.
Our AI takes factors such as growth, valuation (both current and historical), and market trends into account and views Oxy in a very favorable light. See our piece: Applying Artificial Intelligence To Investing
Since 2022, inflation and Russia’s invasion of Ukraine have benefited the company with a soaring fuel price. OXY’s revenue jumped 56% during the first quarter to around $8.5 billion. On August 2nd, OXY’s revenue increased to $10.7 billion with a 888% year-to-year growth rate. The market holds a very positive view of OXY’s future growth. Wall Street predicts that the third quarter will generate a $2.80 EPS (a 222% gain) and a $9.87 billion revenue.
While the company shows vital signs of rewards, it also contains a relatively low level of risk. The primary risk in OXY’s stock price is the company’s exposure to the volatile prices of commodities. (oil, natural gas, natural gas liquid, etc.)
The Fed has implemented measures to counter inflation, ultimately stabilizing the gas price. However, Russia’s inflation and its corresponding sanctions won’t cease in a short period, while the recovering demand for gas from the COVID-19 pandemics will pertain in the future. These factors combined lead to a relatively low risk of OXY.
In conclusion, OXY has a relatively high reward and low risk, a “bang-for-buck” cheap investment. Which is why this might be a good time to buy in. And yes it pays a dividend, but a small one! Lastly, you are investing for growth and value!
Does OXY pay a dividend? Written by Joe Zhang