Occidental Petroleum Corporation
OXY
position
long
Timothy Hatch and Michael Keller
Thesis
Occidental focuses on proven resources rather than wildcat exploration, with low finding and development costs and a strong emphasis on return on invested capital, making it a compelling investment despite being in the commodity sector.
Did it work?
failed
confidence: high
The investment thesis for Occidental was based on its focus on proven resources and strong return on invested capital, which suggested a positive outlook. However, the stock has declined by 21.3% over the 28 months since the pitch, indicating that the anticipated performance did not materialize. This significant drop in price suggests that the thesis did not hold true in the current market conditions.
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