Occidental's (OXY) strong presence in Permian Basin and systematic investment to expand operations will provide support amid a competitive industry.
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.
During the first quarter of 2024, Warren Buffett scooped up more than 4 million shares of oil and gas exploration specialist Occidental Petroleum. Considering the company's operations are highly sensitive to movements in commodity prices, it may seem like a head-scratcher move to buy more shares in this volatile stock.
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.
Occidental Petroleum has been consistently covered, including recommendations and support for Warren Buffett's investment. The company's warrants were recommended during the challenging times of 2020. OXY's investment by Warren Buffett was considered expensive but significant.