$Occidental(OXY)$ ’s $12 billion acquisition of CrownRock underscores its commitment to expanding its shale oil dominance. This move not only solidifies its position as the world’s largest shale oil producer but also presents significant opportunities for upstream equipment suppliers.
Notably, its long-term cash flow breakeven point is set at $40 per barrel, well below current oil prices, ensuring financial resilience amid market fluctuations. With increasing energy demand and a strategic expansion plan, Occidental Petroleum's stock presents a compelling long-term investment opportunity.
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