Occidental Petroleum (NYSE: OXY) announced net income attributable to common stockholders for the first quarter of 2023 of $983 million, or $1.00 per diluted share, and adjusted income attributable to common stockholders of $1.1 billion, or $1.09 per diluted share.

● Solid operational performance drove cash flow from operations of $2.9 billion and cash flow from operations before working capital of $3.2 billion

● Capital spending of $1.5 billion, of $1.7 billion

● Production of 1,220 Mboed exceeded the mid-point of guidance by 40 Mboed; full-year production guidance raised to 1,195 Mboed

● Repurchased $752 million of common stock, accounting for over 25% of the $3.0 billion repurchase program

● OxyChem approximated guidance with pre-tax income of $472 million; full-year guidance raised to $1.5 billion

● Earnings per diluted share of $1.00 and adjusted earnings per diluted share of $1.09

Q: 1) Is now a good time to own OXY stocks?

   2) What's your opinion or analysis of the company?