Occidental Petroleum Corp

OXY is in an early Stage 1 consolidation underpinned by a Bullish Pivot Point and active Lockout Rally, signaling structural repair and upward mean reversion despite a longer-term downtrend. Price holds above the rising 9 and 21 EMAs, with no short-term exhaustion evident. Momentum strategy favors continuation participation on shallow pullbacks into the EMA zone near the mid-50s. Caution remains warranted given the secular downtrend and overhead resistance.

• ↑Q1 FCF of $1.7B and 20% YoY revenue growth to $6.5B.
• ↑52% YoY FCF increase from $2B in annual cost savings.
• ↓Oil price dependence exposes FCF to market swings.