No. of Recommendations: 2
I prefer the warrants OXY+ which were issued in lieu of dividends in Aug 2020 and exercisable up to Aug 3, 2027.
It is a deep in the money very long dated $22 call option with virtually no premium (currently about $0.20). Try getting that in the options market. Unlike options they are very liquid with tight bid/ask spreads.
Plus warrants have more favorable tax treatment than options. And have anti dilution provisions.
Unless you need the dividends, why pass up on the almost free, uncallable leverage.
oxy.com: PDF document 