Key PointsOccidental Petroleum achieved its initial debt target level earlier this year. It expected to produce more than $1.2 billion in additional free cash flow this year at the same crude prices as last year. With crude prices surging, it should produce even more cash, which it can allocate to enhance shareholder value. 10 stocks we like better than Occidental Petroleum › The energy sector has been red-hot this year. WTI, the primary U.S. oi…