Occidental Petroleum Q3 FY12/25 Earnings Review
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The Magic Number
by Alex King, CEO, Cestrian Capital Research, Inc
.618, the Golden Ratio, the Magic Number. Nonsense, right?
Tell it to $OXY. On the longer term chart, the stock found support at the precise .618 retrace of the move up from the Covid lows to the 2022 highs. Full page chart, here.
Right now the stock in the smaller degree is hovering right around the .618 retrace of the move from the Liberation Day lows to the September highs. Full page chart here.
We rate $OXY at Accumulate between $40-52/share, because it looks like Big Money is accumulating in this range - per the volume x price profile (gray horizontal bars on the right hand side of this next chart).
If the stock reaches $53 we’ll move to Hold in anticipation of the stock moving up through the lower-volume (= less supply of stock from sellers) Markup Zone outlined above.
Oh yes. Valuation and fundamentals.
Inexpensive in my view.
Leverage is declining, revenue is steady, cashflow margins trending down a little but that’s probably short term.
Alex King, CEO, Cestrian Capital Research, Inc - 23 December 2025
DISCLOSURE: Cestrian Capital Research, Inc staff personal accounts hold long positions in $OXY.