Occidental Petroleum Stock News

Warren Buffett, the famed ‘ Oracle of Omaha ,' allegedly made his first stock pick at age 11, all the way back in the early 1940s. In the following 80-odd years, he first became a millionaire, then a billionaire, and has perfected the art of getting rich slowly.

Warren Buffett can't seem to get enough of energy company Occidental Petroleum. Berkshire's been shedding BofA shares although it still owns far more than it's sold.

Coca-Cola has paid and raised its dividend for 62 consecutive years. Bank of America is a good value, and its dividend has become more reliable.

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.

When markets start to get choppy, investors typically look for the most affordable stocks that promise some upside potential for the coming quarters. After the S&P 500 had a small version of a “flash crash” triggered by the unwind of the so-called “carry trade” between the Japanese yen and U.S. dollar, a quick recovery signaled markets that things might be better than they seem.