Citi: Occidental Petroleum (OXY.US) Q3 cash flow far exceeds expectations; faster debt repayment fails to mask Q4 production concerns

Zhitong Finance APP has learned that Citi issued a research report maintaining a "Neutral" rating on Occidental Petroleum (OXY.US) with a target price of $65. The bank noted in a report that Occidental Petroleum's third-quarter cash flow per share (CFPS) exceeded expectations, thanks to operations and capital expenditure control, and it repaid $1.8 billion in debt. However, affected by contractual factors and equipment maintenance, the Q4 production guidance is weak, which may offset the positive factors.