Occidental Petroleum Stock News

I maintain a "Buy" rating on Occidental Petroleum (OXY) due to its operational efficiency, successful CrownRock integration, and strong FCF generation despite recent stock price declines. OXY's FY2024 results showed record U.S. production and cost reductions, with all business segments performing well, enhancing shareholder value. Potential DoE funding cuts for clean energy projects and lower Q...

Occidental Petroleum (OXY 2.41%) has a big-name shareholder in the form of Warren Buffett's Berkshire Hathaway. That has put the company onto the radar of investors that follow the so-called Oracle of Omaha's every move (which includes most of Wall Street).

Occidental Petroleum Co. NYSE: OXY is known for being one of the largest oil and gas producers in the United States, as well as being Warren Buffet's favorite stock in the energy sector based on his Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B cumulative holdings of 28.2% ownership in the company.

Most investors dream of buying one stock that provides them with life-changing returns. A few stocks have set their investors up for life.

With the strength of the economy under scrutiny and uncertainties regarding sweeping changes in U.S. trade policy, oil and gas prices are struggling to find their footing at the start of 2025. Amid this turbulence, investors may be wondering which energy stocks are best positioned to weather this storm.

The selloff on OXY since my last writing was overdone for several reasons. The sharp drop in oil prices (currently around $65 only) is unlikely to sustain, creating a large bias for OXY's earning prospects. Potential catalysts that lead to an oil price recovery include record low level of the U.S. Strategic Petroleum Reserve and also multi-year low level of crude oil inventory.

Warren Buffett's holding company, Berkshire Hathaway, has done very well over the decades, posting average annual returns in excess of 20%. Much of this performance was generated from Berkshire's publicly traded portfolio.

Income investors can look at the proverbial glass of water as half-full amid intense stock market volatility. The turbulence presents great opportunities to scoop up shares of companies that pay solid dividends.