Can Rising Reserves Continue to Fuel OXY Stock's Long-Term Growth?
Key Takeaways Occidental ended 2024 with 4.6B BOE in proved reserves, up from 3.98B BOE at the end of 2023.New reserves from exploration and acquisitions enhance OXY's cash flow and production flexibility.Rising reserves support OXY's dual strategy of growth and carbon management, boosting investment appeal.Occidental Petroleum Corporation (OXY) is strategically positioned to benefit from its expanding oil and gas reserves, which are critical to supporting long-term production growth and value creation. As ...