Occidental Petroleum ranks among the largest independent oil producers with a market cap of $50 billion, and it sells at a premium multiple in its peer group. Our target for OXY stock is $89 per share, a 37% increase from current prices, based on a $60 per barrel WTI oil price in 2018 and its seven-year average 10.6x cash flow multiple on 2018 estimated cash flow of $8.41 per share.
From:: Resource Investor