Citi published a research report to maintain Occidental Petroleum's “neutral” rating. The target price is 65 US dollars. The bank pointed out in a report that Occidental Petroleum's cash flow per share in the third quarter exceeded expectations. Thanks to operating and capital expenditure controls, it paid back $1.8 billion in debt, but due to contractual factors and equipment maintenance, Q4 production guidance was weak or favorable.

Citi published a research report to maintain Occidental Petroleum's “neutral” rating. The target price is 65 US dollars. The bank pointed out in a report that Occidental Petroleum's cash flow per share in the third quarter exceeded expectations. Thanks to operating and capital expenditure controls, it paid back $1.8 billion in debt, but due to contractual factors and equipment maintenance, Q4 production guidance was weak or favorable.