Oil and Gas, Mint Finance

Suhas Reddy

Oil and Gas

Deep Fundamental Analysis

Mint Finance

Mint Finance's investment research blends deep fundamental analysis with technical & quant insights. Investment strategies straddle across multiple asset classes with risk management embedded into every trade to deliver an outsized reward-to-risk ratio.

Mint Finance's research is centered around three key themes. First, energy transition and climate change. Second, artificial intelligence. Third, shifting world order with its impact across politics and monetary economics.

Equity Bottom-Up

<ul>
<li>Occidental’s USD 9.7 billion OxyChem divestment fast-tracks debt reduction but removes a steady earnings buffer, leaving the company more exposed to volatile oil market cycles.</li>
<li>The sale strengthens Occidental’s balance sheet and strategic focus on upstream operations but sacrifices diversification, as the chemicals unit provided resilient cash flows during oil downturns.</li>
<li>Executing the divestment amid a chemical sector downcycle appears poorly timed. Occidental will sell a profitable asset at a discount while crude prices remain subdued.</li>
</ul>


Occidental’s USD 9.7 billion OxyChem divestment fast-tracks debt reduction but removes a steady earnings buffer, leaving the company more exposed to volatile oil market cycles.
The sale strengthens Occidental’s balance sheet and strategic focus on upstream operations but sacrifices diversification, as the chemicals unit provided resilient cash flows during oil downturns.
Executing the divestment amid a chemical sector downcycle appears poorly timed. Occidental will sell a profitable asset at a discount while crude prices remain subdued.


Occidental’s Rush to Reduce Debt Will Erode Long-Term Resilience

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>Occidental Petroleum Corporation is on the verge of its largest-ever divestment: the sale of its OxyChem petrochemical unit, in a deal that could fetch at least $10 billion.</li><li>According to recent reports, the company is deep in discussions, though no buyer has been named yet.</li><li>If finalized, this move will mark a pivotal shift in Occidental’s corporate structure—transforming the Houston-based energy giant’s strategic outlook and positioning it as one of the leanest and most carbon-focused companies in the sector.</li></ul>

Occidental Petroleum Corporation is on the verge of its largest-ever divestment: the sale of its OxyChem petrochemical unit, in a deal that could fetch at least $10 billion.According to recent reports, the company is deep in discussions, though no buyer has been named yet.If finalized, this move will mark a pivotal shift in Occidental’s corporate structure—transforming the Houston-based energy giant’s strategic outlook and positioning it as one of the leanest and most carbon-focused companies in the sector.

Occidental’s $10 Billion Oxychem Deal Could Reshape Its Future — But No Buyer In Sight?

<ul><li>Occidental Petroleum Corporation (Occidental) has demonstrated mixed financial and operational results in the second quarter of 2025.</li><li>The company reported a commendable operating cash flow of $2.6 billion despite facing headwinds from lower oil prices, with West Texas Intermediate (WTI) averaging $11 per barrel less in the first half of 2025 compared to the previous year.</li><li>This resilience allowed Occidental to not only generate more cash flow in the first half of 2025 than in the same period of 2024 but also to make substantial progress in debt reduction efforts.</li></ul>

Occidental Petroleum Corporation (Occidental) has demonstrated mixed financial and operational results in the second quarter of 2025.The company reported a commendable operating cash flow of $2.6 billion despite facing headwinds from lower oil prices, with West Texas Intermediate (WTI) averaging $11 per barrel less in the first half of 2025 compared to the previous year.This resilience allowed Occidental to not only generate more cash flow in the first half of 2025 than in the same period of 2024 but also to make substantial progress in debt reduction efforts.

Occidental Petroleum Corporation: An Enhanced Oil Recovery & CO2 Utilization to Improve Operational Profitability In A Carbon-Conscious Market!

<ul>
<li>Occidental’s Q2 2025 revenue is expected to drop 9.1% QoQ and 9.4% YoY. Its EPS is projected to fall by 66.7% QoQ and 71.8% YoY.</li>
<li>Occidental expects Q2 performance to be weighed down by lower production and weaker commodity realizations, particularly in the Gulf of Mexico.</li>
<li>Options activity and analyst outlooks suggest a potential rebound if earnings meet or beat subdued expectations.</li>
</ul>


Occidental’s Q2 2025 revenue is expected to drop 9.1% QoQ and 9.4% YoY. Its EPS is projected to fall by 66.7% QoQ and 71.8% YoY.
Occidental expects Q2 performance to be weighed down by lower production and weaker commodity realizations, particularly in the Gulf of Mexico.
Options activity and analyst outlooks suggest a potential rebound if earnings meet or beat subdued expectations.


[Earnings Preview] Occidental’s Q2 Earnings Under Pressure but Rebound Hopes Build

<ul><li>Occidental Petroleum's recent earnings call for the first quarter of 2025 presented a mixed but detailed view of the company's operational and financial performance, showcasing both strengths and challenges.</li><li>The management highlighted a solid execution across its diversified portfolio, despite facing some market headwinds and external uncertainties.</li><li>On the positive side, Occidental generated $3 billion in operating cash flow before working capital adjustments, maintaining oil and gas production at just over 1.39 million barrels of oil equivalent per day, which aligns with their guidance.</li></ul>

Occidental Petroleum's recent earnings call for the first quarter of 2025 presented a mixed but detailed view of the company's operational and financial performance, showcasing both strengths and challenges.The management highlighted a solid execution across its diversified portfolio, despite facing some market headwinds and external uncertainties.On the positive side, Occidental generated $3 billion in operating cash flow before working capital adjustments, maintaining oil and gas production at just over 1.39 million barrels of oil equivalent per day, which aligns with their guidance.

Occidental Petroleum: Advancements in Low-Carbon Ventures & Other Major Drivers

United States

Occidental Petroleum Corporation explores for, develops, produces, and markets crude oil and natural gas.  The Company also manufactures and markets a variety of basic chemicals, vinyls and performance chemicals. Occidental also gathers, treats, processes, transports, stores, trades and markets crude oil, natural gas, NGLs, condensate and carbon dioxide (CO2) and generates and markets power.

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Occidental Petroleum (OXY US)

Occidental’s Rush to Reduce Debt Will Erode Long-Term Resilience

Occidental's $9.7 billion OxyChem divestment boosts debt reduction but increases vulnerability to oil market fluctuations by sacrificing a steady...

Mint Finance

Occidental’s $10 Billion Oxychem Deal Could Reshape Its Future — But No Buyer In Sight?

Occidental Petroleum Corporation is on the verge of its largest-ever divestment: the sale of its OxyChem petrochemical unit, in a deal that could...

Baptista Research

Occidental Petroleum Corporation: An Enhanced Oil Recovery & CO2 Utilization to Improve Operational Profitability In A Carbon-Conscious Market!

Occidental Petroleum Corporation (Occidental) has demonstrated mixed financial and operational results in the second quarter of 2025. The company...

Baptista Research

[Earnings Preview] Occidental’s Q2 Earnings Under Pressure but Rebound Hopes Build

Occidental's Q2 revenue and EPS are expected to decline significantly, but potential for a rebound if earnings exceed expectations due to lower...

Mint Finance

Occidental Petroleum: Advancements in Low-Carbon Ventures & Other Major Drivers

Occidental Petroleum's recent earnings call for the first quarter of 2025 presented a mixed but detailed view of the company's operational and...

Baptista Research

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Occidental’s Rush to Reduce Debt Will Erode Long-Term Resilience

​Occidental's $9.7 billion OxyChem divestment boosts debt reduction but increases vulnerability to oil market fluctuations by sacrificing a steady...

Mint Finance

Occidental’s $10 Billion Oxychem Deal Could Reshape Its Future — But No Buyer In Sight?

Occidental Petroleum Corporation is on the verge of its largest-ever divestment: the sale of its OxyChem petrochemical unit, in a deal that could...

Baptista Research

Occidental Petroleum Corporation: An Enhanced Oil Recovery & CO2 Utilization to Improve Operational Profitability In A Carbon-Conscious Market!

Occidental Petroleum Corporation (Occidental) has demonstrated mixed financial and operational results in the second quarter of 2025. The company...

Baptista Research

[Earnings Preview] Occidental’s Q2 Earnings Under Pressure but Rebound Hopes Build

​Occidental's Q2 revenue and EPS are expected to decline significantly, but potential for a rebound if earnings exceed expectations due to lower...

Mint Finance

Occidental Petroleum: Advancements in Low-Carbon Ventures & Other Major Drivers

Occidental Petroleum's recent earnings call for the first quarter of 2025 presented a mixed but detailed view of the company's operational and...

Baptista Research

Occidental's $9.7 billion OxyChem divestment boosts debt reduction but increases vulnerability to oil market fluctuations by sacrificing a steady...

Occidental's Q2 revenue and EPS are expected to decline significantly, but potential for a rebound if earnings exceed expectations due to lower...