Occidental Petroleum Corporation (OXY)
Buffett's Next Oil Bet: Why Occidental Is Different
But Buffett wasn't always a fan of oil & energy sector stocks. In fact, his high-profile foray into oil domestic oil stocks with ConocoPhillips NYSE: COP was personally proclaimed to be a “major mistake” by the Oracle of Omaha himself.
Will Occidental (OXY) Beat Estimates Again in Its Next Earnings Report?
Occidental (OXY) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Buffet Trims Equities, But Still Keeps Buying This Stock
Occidental Petroleum Co. NYSE: OXY stock and Warrant Buffett are often used in the same sentence these days. Even as Warren Buffett has raised his cash holdings in Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B, Occidental was one of the few stocks he has upped his stakes in.
Occidental Petroleum: Beating Buffett At His Own Game
Warren Buffett's investment in Occidental Petroleum highlights his strategy of buying undervalued stocks. Industry uncertainty and potential low oil prices may lead to reduced production. Despite current economic challenges, the energy sector's ability to adjust production quickly makes it a likely bargain investment idea.
Occidental Petroleum (OXY) Laps the Stock Market: Here's Why
In the latest trading session, Occidental Petroleum (OXY) closed at $49.36, marking a +1.09% move from the previous day.
Occidental Petroleum: Nearly Fully Valued Here, Macro Events Imply Further Corrections
OXY is almost fully valued despite the recent pullback as the stock loses its Warren Buffett premium, triggering its mixed prospects attributed to macro/ sector uncertainties. This is worsened by the upcoming supply normalization and moderating spot prices, as the OPEC+ gradually ramps up their production outputs through December 2026. OXY's CrownRock acquisition and increased capex are likely to boost production, albeit negated by the higher debts and lower free cash flows.
Investors Heavily Search Occidental Petroleum Corporation (OXY): Here is What You Need to Know
Zacks.com users have recently been watching Occidental (OXY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Occidental Petroleum: The Fundamentals Give It A Buy Rating
I give Occidental Petroleum Corporation a Buy rating. The company has an impressive free annual cash flow and high-quality earnings. Using a DCF model, the intrinsic value of Occidental is $65.04 per share, suggesting the stock currently trades at 26% below its intrinsic value.
Occidental Petroleum: Shares Finding Their Footing, Reiterate Buy
Energy sector leads YTD S&P 500 performance; XLE up 300% over five years, showing resilience amid geopolitical risks and inflation. Occidental Petroleum (OXY) remains a buy; attractive valuation, high free cash flow, and ongoing debt reduction efforts despite recent mixed quarterly results. OXY's technicals are bearish, but support at mid-$40s and improving RSI offer potential; long-term support near $36.
Should You Buy Occidental Petroleum While It's Below $55?
Occidental Petroleum (OXY -1.35%) is a major player in the energy sector and is one of the United States' top oil and gas producers. After a banner year in 2022, Occidental strengthened its balance sheet and reduced its debt.
Occidental Petroleum: I'd Buy The Crash
Occidental Petroleum stock crashed 22.5% over the last 12 months, underperforming its sector. Despite the stock's lower price, Occidental continues generating healthy profits, with high margins and returns on equity. The CrownRock acquisition has been weighing on results somewhat, but is not thesis-breaking.
Is Occidental Petroleum Stock a Buy Now?
Occidental Petroleum (OXY 1.45%) has slumped over the past year. Shares of the oil giant are down more than 20%.
