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Occidental Petroleum Corporation

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Shares of Occidental Petroleum have lost wider than the industry over the last twelve months. The recent weakness in oil prices could jeopardize Occidental‘s plans to achieve cash flow breakeven.  Occidental, like other oil and natural gas companies, faces the risks of cost overruns and development interruptions due to delays in drilling and other approvals, property or border disputes, and equipment failures. The company also had to shut down operation in Texas to ward off the impact of Hurricane Harvey that will adversely impact its earnings. However, Occidental will benefit by producing more oil from the Permian Resources and concentrating on high margin production region. The company generates stable cash flow and its Chemical plant will further improve its cash flow.

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