Occidental Petroleum Corp. Jan 12
Standard & Poors, January 2012
Abstract
Strong Modest A large and diversified oil and gas reserve base, anchored by key U.S. assets in the Permian Basin and California; Slow-declining reserves in the U.S. that require relatively low levels of reinvestment to maintain production levels; A demonstrated track record of generating substantial discretionary cash flow at most points in the commodity price cycle; and A modest financial risk profile underpinned by low leverage and conservative financial stewardship. Participation in the highly cyclical and capital-intensive exploration and production (E&P) segment of the oil and gas industry; Periodic acquisitions to augment organic reserve and production growth; Some exposure to political risk in international locales; and A historically increasing dividend. The ratings on Los Angeles-based independent oil and gas firm...
Companies mentioned in this report are: Occidental Petroleum Corp.,Oxy USA Inc.,Occidental Chemical Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Occidental Petroleum Corp.,Oxy USA Inc.,Occidental Chemical Corp.
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