Occidental Petroleum will slow down its debt repayment program in 2023. I believe that in 2023, OXY will have a clear capital return framework that could see shareholders receiving up to 50% of its free cash flows. By my calculations, next year, OXY's capital return program will be as much as 12% combined yield, via buybacks and dividends. Looking for more investing ideas like this one? Get them exclusively at Deep Value Returns. Learn More » |