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 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.
Occidental Petroleum (OXY 1.45%) has slumped over the past year. Shares of the oil giant are down more than 20%.
Occidental Petroleum Co. NYSE: OXY is primarily recognized in the energy sector as a leading international oil and gas producer. It's notably been a growing position for the Oracle of Omaha as Berkshire Hathaway Co. NYSE: BRK.B raised its stake to 28% of the company in February 2025.
Occidental's strong presence in the Permian Basin and contribution from international assets are boosting its performance amid the adverse impact of fluctuating commodity prices.
Despite his investment expertise, Warren Buffett's top energy stock pick in the Berkshire Hathaway (NYSE: BRK.A) portfolio continues to struggle.
Occidental Petroleum on Friday closed the sale of its mineral and royalty rights, spanning nearly 250,000 acres in the Denver-Julesburg (DJ) Basin in Colorado, to Elk Range Royalties for $905 million.
Occidental (OXY) reported earnings 30 days ago. What's next for the stock?
Warren Buffett, widely regarded as the greatest investor of all time, has built incredible wealth for himself and early shareholders of Berkshire Hathaway ( NYSE:BRK-A )( NYSE:BRK-B ) by buying great companies at fair prices and holding for the long term.
In the closing of the recent trading day, Occidental Petroleum (OXY) stood at $47.65, denoting a +0.83% change from the preceding trading day.
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
President Trump campaigned on a “Drill, baby, drill” policy, promising to bring down fuel and energy prices. This policy has been coming to fruition in the oil sector.