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.
Even after one of Wall Street's best investors, Warren Buffett bought up to 29% of Occidental Petroleum Co. NYSE: OXY, the stock has been downward and now trades at a new 52-week low. Has the Oracle of Omaha lost his touch?
Occidental (OXY) continues to reduce its debts and expand Permian operations. Yet, fluctuating commodity prices and lower ROIC than the industry are offsets.
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.
Shares in U.S. oil producer Occidental Petroleum fell to $56.17 on Tuesday, below a level that has routinely triggered purchases by its biggest holder, billionaire investor Warren Buffett's Berkshire Hathaway.
Occidental Petroleum is making quick progress toward achieving its initial debt reduction target. The company is well ahead of schedule and hasn't sold many assets yet.
Investors eagerly await Berkshire Hathaway's NYSE: BRK.B 13F filing every quarter, unveiling Warren Buffett's latest stock moves. This event is closely watched as it offers a rare glimpse into the strategies of one of the greatest investors of all time.
Berkshire Hathaway added to existing positions in five stocks in Q2. Two new positions were announced.
Occidental Petroleum is selling some of its stake in Western Midstream. The sale will bring in cash to help repay debt.
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 posted strong second-quarter results. The oil company's momentum should continue in the near term thanks to its recently closed CrownRock deal.
Occidental Petroleum's (OXY) second-quarter earnings are better than estimated. Strong production volume from domestic assets continues to drive the performance of the company.