Occidental Petroleum OXY is well poised to benefit from acquisitions, strategic investments, cost management and international operations. OXY - which currently has a Zacks Rank #3 (Hold) - is exposed to inflationary cost pressures and stringent federal, state, local and foreign laws. OXY invested $4.5 billion in 2022 and is expected to invest $5.4-$6.2 billion in 2023.