Occidental Petroleum's Growth Days Are in the Rearview Mirror

Occidental Petroleum's Growth Days Are in the Rearview Mirror

Occidental Petroleum (NYSE: OXY) had ambitious growth plans when it launched its bidding war for Anadarko Petroleum last year. Instead of expanding production and the dividend, the company has had to trim them down to pay back the debt used to acquire Anadarko. Occidental CEO Vicki Hollub gave investors a glimpse at what lies ahead during the second-quarter call, including a tentative plan for 2021.