From Yahoo Finance: 2025-05-05 09:52:00

Commodity producer stocks like Occidental Petroleum Corporation (NYSE:OXY) are gaining attention for their potential upside. The global commodity services market is projected to grow at a CAGR of 8.65% from 2025 to 2034, reaching $8.16 billion by 2034. However, the World Bank predicts a decline in global commodity prices due to economic slowdowns and high oil supply.

Morgan Stanley highlights 2025 as a crucial year for commodity markets, influenced by supply fundamentals and inflation patterns. The US’s high inflation rates have supported commodity prices, although a strong dollar typically pressures global demand. Despite recent supply concerns, commodity performance in 2025 is supported by tight supply, high inflation, and potential dollar weakness.

Occidental Petroleum Corporation (NYSE:OXY) stands out as one of the top commodity producers with significant upside potential. Despite recent drops in stock price, OXY remains a solid investment opportunity due to favorable supply dynamics and industry tailwinds. The company’s production in the Permian Basin is expected to increase by over 15% by 2025, positioning it as a promising player in the energy sector.

OXY ranks 10th on the list of Top Commodity Producers With the Highest Upside Potential. While OXY shows promise, investing in AI stocks may offer higher returns in a shorter time frame. Consider exploring AI stocks for potential gains. If you’re interested in undervalued AI stocks with massive growth potential, check out our report on the cheapest AI stock currently available.



Read more at Yahoo Finance: Is Occidental Petroleum Corporation (OXY) Among the Top Commodity Producers With the Highest Upside Potential?