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How Have Occidental’s Capex and Free Cash Flow Been Trending?

How Have Occidental’s Capex and Free Cash Flow Been Trending?

As we can see in the graph above, OXY’s quarterly capex spending levels since Q1 2017 have mostly been higher than the corresponding quarters in 2016. OXY’s capex forecast for 2018 is $3.9 billion compared to its capital spending of ~$3.6 billion in 2017 and $2.7 billion in 2016.