Could Occidental Petroleum Really Become the Next ExxonMobil?
ExxonMobil (NYSE: XOM) is a global oil and gas industry behemoth. It's a leading hydrocarbon producer. It also boasts a globally integrated business, enabling it to maximize the value of the hydrocarbons it produces. Meanwhile, Exxon has an emerging low-carbon business.
Occidental Petroleum (NYSE: OXY) shares many of those same features, albeit on a smaller scale. However, the company has grand growth ambitions – it beat out oil giant Chevron (NYSE: CVX) to acquire Anadarko Petroleum in 2019. Here's a look at whether it could eventually become a mega-cap oil stock like Exxon.
ExxonMobil is currently the largest U.S. oil company by market cap:
Source Fool.com
Occidental Petroleum Corp. Stock
€57.78
1.470%
The stock is one of the favorites of our community with 36 Buy predictions and 2 Sell predictions.
As a result the target price of 65 € shows a slightly positive potential of 12.5% compared to the current price of 57.78 € for Occidental Petroleum Corp..
