Investopedia: Occidental Petroleum Has Taken A Different Path

There are a lot of odd things about Occidental Petroleum (NYSE:OXY) in the context of the broader energy sector. While investors have generally cheered the decisions of companies like ConocoPhillips (NYSE:COP) to separate from their refining and/or chemical businesses, Oxy seems in no particular hurry to match. Likewise, Oxy has a pretty good record of cash flow production and returns on internal investment, and while management has received rather generous compensation, they actually seem to run the business like a business.

Not that any of that has helped all that much lately. Oxy has fallen along with many other energy companies, and there are the usual worries here about the company getting stuck between rising production costs and declining realizations. All of that said, today's valuation suggests investors ought to take another look at this company as a longer-term quality energy play.

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