Occidental Petroleum: Valuation Amidst Share Price Momentum and Carbon Capture Developments

Occidental Petroleum (OXY) has seen mixed share performance with a 0.1% decline over the past year and gains of about 10% over both the past month and past 3 months. The company's recent trading hints at rebuilding momentum, with a 30 day share price return of 10.38% and a 90 day share price return of 10.17%. The most followed valuation story pegs fair value at $68.29 per share, compared with the recent $45.39 close, which is a sizeable gap investors may want to understand.