OXY is exposed to commodity price fluctuation, but investors can remain invested, given its strong Permian Basin and contribution from acquired assets.
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The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Occidental is conservatively valued, trading below historical multiples, and could outperform in 2025 if new sanctions effectively reduce excess oil supply. Stricter sanctions on Russian and Iranian oil are expected to firm up oil prices, benefiting Occidental and its peers. Occidental's extensive Delaware acreage and low-cost reserve replacement position it well for long-term growth and reduced operational risks.
Occidental Petroleum (OXY) closed at $52.70 in the latest trading session, marking a +1.19% move from the prior day.
2024 was a bummer year for Occidental Petroleum (OXY 1.13%) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was, in fact, one of the worst-performing large-cap energy stocks of 2024, significantly lagging the S&P 500 index, which gained 23% in the year.
Occidental Petroleum Corp. (NYSE: OXY) is rewarding its shareholders once again with a quarterly dividend of $0.22, payable on Wednesday, Jan.
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Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.
Occidental Petroleum (OXY 2.69%) is gaining interest from investors because of purchases by Warren Buffett.
Warren Buffett's Berkshire Hathaway increased its stake in Occidental Petroleum to more than 28% in December. The energy firm company is focused on deleveraging its balance sheet and also maintains high free cash flow profitability. Occidental Petroleum's valuation is attractive, with a forward P/E ratio of 12.5X, offering up to 20% upside potential based on FY 2026 earnings estimates.
Warren Buffett is buying this stock hand over fist for his Berkshire Hathaway portfolio.