OXY's Cash Flow Waterfall

November 9, 2021

Occidental Petroleum (OXY) continues to be a position we hold to express an oil thesis we've long discussed. You can find our latest Q3 update here in this prior article. We previously discussed OXY, and ran through their Q2 results here. Admittedly it’s been a position that’s been lagging vs. other more highly levered E&Ps, but eventually we think t…