Should You Buy Occidental Petroleum Stock For Its Cash?

Occidental Petroleum (OXY) generates free cash flow equal to 7.8% of its market value per year. That compares with 4.4% for the median S&P 500 company. A yield this high presents a clear binary. Either the shares are cheap for what the business makes, or the market expects that cash to fall. So can Occidental keep that cash coming while it pays down its debt.