On October 23, Occidental rose 3.1% in Regular Trading, trading at $64.435, with turnover of $284 million.

The move coincided with a fresh round of favorable analyst commentary focusing on the company’s leverage to stronger oil prices, expected cost improvement, and continued debt reduction toward its $10 billion target.

Recent reports said most free cash flow is being directed to debt repayment, with the $10 billion total debt objective seen as likely to be reached in the near term, potentially in the fourth quarter. Additional commentary indicated stronger Rockies production could offset Gulf of America downtime, while lower domestic lease operating costs may support third-quarter performance. Earlier this month, several firms also lifted their ratings or price targets, reinforcing the constructive sentiment around Occidental.

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