Is OXY Petroleum a good stock to buy?

OXY had a bearish run from 2019-20 due to poor decisions and the pandemic. The pandemic is over now and oil prices are returning to normal, but things are not rosy yet. If you already have an OXY stock, be patient, there's a chance things might become better in the long term.

Because crude oil prices have reignited a tremendous rally, energy stocks still have more room for growth, including Occidental Petroleum.

Considering the questionable state of its finances, including the -$5.95 earnings per share and the company selling off some of its assets, the stock has surged. It should be noted that its finances are likely to improve as long as it does not expand too quickly again. Plus, investors do not seem to be bearish since there is only about 3% float shorted.

Wall Street is mixed, with most analysts giving it a "Hold" rating.

If you are long on oil, Oxy Petroleum is worth investing in, despite its putrid quarterly dividend of $0.01 per share.

That said, the best petroleum stock is Suncor Energy (SE). This company maintains a tremendous balance sheet, it has diversified its energy portfolio, and the quarterly dividend is splendid.