Occidental Petroleum Corporation Valuation. Warren Buffett Investment

 

Occidental Petroleum Corporation is undervalued, according to Wolfteam Ltd.'s projections and estimates.

With 36.63 billion USD in revenue, growing at 41.14 % and net profit margin of 36.32 % for 2022, Occidental's intrinsic worth is 104 billion USD, compared with Occidental's current market capitalization of 49.51 billion USD.

In addition, Warrent Buffett has a circa 28 % stake in Occidental Petroleum Corporation, which makes Occidental an acquisition target.

Here you can find Occidental's 2022 yearly report.

Here is an excerpt from Occidental's third quarter, 2023 report:

 

Occidental Announces 3rd Quarter 2023 Results

• Strong operational performance drove operating cash flow of $3.1 billion and cash flow from
operations before working capital of $3.3 billion
• Capital spending of $1.6 billion, resulting in quarterly free cash flow before working capital of $1.7
billion
• Production of 1,220 Mboed exceeded the mid-point of guidance by 34 Mboed; full-year production
guidance raised 11 Mboed
• OxyChem exceeded guidance with pre-tax income of $373 million
• Repurchased $600 million of common stock, with year-to-date purchases accounting for
approximately 60% of the $3.0 billion repurchase program
• Triggered the redemption of $342 million of preferred stock, bringing year-to-date redemptions to
over $1.5 billion or 15% of preferred equity
• Secured joint venture partner for first Direct Air Capture plant
• Earnings per diluted share of $1.20 and adjusted earnings per diluted share of $1.18 

In addition, Occidental distributes 1.28 % annual dividend yield.