Occidental Petroleum Stock News

HOUSTON, Oct. 09, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) will announce its third quarter 2025 financial results after close of market on Monday, November 10, 2025, and will hold a conference call to discuss the results on Tuesday, November 11, 2025, at 1 p.m. Eastern/12 p.m. Central.

Occidental Petroleum's $9.7 billion sale of OxyChem was punished by the market for several reasons. The company is paying off $6.5 billion in debt, along with additional cash saved, which it can use for returns. Overall, the company will be able to maintain its dividend, and repurchase shares, while saving to repurchase preferred equity.

Occidental Petroleum stock (NYSE: OXY) has faced a challenging period. The stock has decreased approximately 20% in the last year, while the S&P 500 has risen 18%.

Occidental Petroleum (OXY -0.20%), commonly known as Oxy, fell 7.3% on Oct. 2 in response to news that it is selling its petrochemical division, OxyChem, to Warren Buffett-led Berkshire Hathaway (BRK.A 0.34%) (BRK.B 0.42%) for $9.7 billion. Here's why the deal is better for Berkshire than Oxy, and if the energy stock is worth buying on the dip.

I was quite surprised to hear that Mad Money host Jim Cramer wasn't too upbeat on shares of Occidental Petroleum (NYSE:OXY) during his show's Lightning Round segment recently.

I've often warned people not to blindly copy anyone else's investing moves, and I stick by that advice, as each of us has different investing goals, timelines, risk tolerances, and so on. It's not crazy, however, to at least look at what some smart investors are buying (or selling) to see if any companies pique your interest.

Warren Buffett has long held Occidental Petroleum (OXY -7.16%) and its CEO, Vicki Hollub, in high regard. His trust in Hollub led Buffett's company to invest heavily in Occidental.