This eco-friendly oil company has a bright future
Occidental Petroleum(OXY), an American oil company located in North America, the Middle East and, and South America, is working on a project that extracts CO2 from the air produced by factories. United Airlines(UAL) is also investing in this project which shows that this project has promise for expanding into other sectors and becoming a leader in CO2 extraction. The stock is currently priced at $28.32, and has been up over 60% since the beginning of the year. It is projected to reach $42 or 43% by the end of the year(CNN Money). Also, 9 out of 28 analysts has a buy rating on the stock while 16 have a hold, but in the long-term, this stock seems worth the buy since it is currently at a discount and will have potential to increase a lot more in the future. Positioned well below their 52-week range of $32 allows them much flexibility for their stock to increase. OXY's net income has been on the increasing trend from 2015-2018(2019-2020 data not available) with its net income quadrupl...