Reported about 7 hours ago
Occidental Petroleum Corporation (OXY) is highlighted in a recent analysis of the top commodity producers with significant upside potential, ranking 10th. Despite a 40% decline in stock value since its peak, analysts project a 29.28% upside for OXY, driven by advantageous supply dynamics and anticipated increases in production from the Permian Basin. The broader commodity market faces pressures from an expected drop in global prices and economic growth challenges, yet OXY appears to remain a strong investment opportunity within the energy sector.
Source: YAHOO