Occidental Petroleum (NYSE: OXY) stock has been stuck going sideways for months. One year ago, shares traded for roughly the same price they trade at today.

In 2024, Occidental stock could finally take off. Under the hood, the financials remain strong. A big catalyst toward the end of the year could add significant value. And with climate change a growing concern among major institutional investors, Occidental stands to take attention away from its competition for years to come.

Exactly how much upside could there be in 2024?

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Source Fool.com