The latest trading session saw Occidental Petroleum (OXY) ending at $52.40, denoting a +0.31% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.25%. Meanwhile, the Dow experienced a rise of 0.2%, and the technology-dominated Nasdaq saw an increase of 0.56%. The oil and gas exploration and production company's shares have seen a decrease of 8.94% over the last month, not keeping up with the Oils-Energy sector's loss of 0.05% and the S&P 500's gain of 1.65%. ...

With just one subscription to Beyond the Wall Investing , you can save thousands of dollars a year on equity research reports from banks. You'll keep your finger on the pulse and have access to the latest and highestquality analysis of this type of information. As you probably know, Occidental Petroleum Corporation (NYSE: OXY ) is a major independent oil and gas producer in the US, the Middle East, and North Africa; it has a midstream services business, and also owns a chemicals business producing and marke ...

Core Viewpoint - Warren Buffett has halted his consistent purchasing of Occidental Petroleum shares, despite previously buying whenever the stock traded below $60, as he now holds more cash than investment ideas [2][4][5]. Group 1: Investment Strategy - Berkshire Hathaway's cash and Treasury holdings could exceed $300 billion by the end of Q3, driven by Buffett's decision to sell stocks without reinvesting [2]. - Buffett has sold over $7 billion worth of Bank of America stock since the start of Q3, indicating a trend of selling more stocks than buying [3]. - Occidental Petroleum shares are currently near a two-year low, yet Buffett has not added to his position, suggesting a shift in investment strategy [3][4]. Group 2: Occidental Petroleum's Financials - Occidental's stock price has fallen close to $50, and Buffett has not purchased more shares despite previously buying below $60 [4][5]. - The price of West Texas Intermediate crude oil has dropped about 15% since the start of Q3, impacting Occidental's earnings [7]. - Occidental's management aims to reduce debt from approximately $19.7 billion to $15 billion by the end of 2026 or Q1 2027, having already retired $3 billion of debt in Q3 [8]. Group 3: Market Position and Future Prospects - Occidental's portfolio, particularly in the Permian Basin, positions it favorably for future earnings when oil prices rise [13]. - The company is investing in carbon capture technology, receiving a $650 million award from the U.S. Department of Energy for a Direct Air Capture Hub, which could lead to significant future revenue [14]. - Occidental shares currently trade at an enterprise-value-to-EBITDA ratio of about 5.4, a discount compared to larger peers, making it potentially attractive for investors bullish on oil prices and carbon capture [15].

Warren Buffett is loading up on this oil and gas dividend stock. Here's why you should, too. Occidental Petroleum (OXY 0.54%) stock has gained immense popularity among energy investors within a couple of years or so, and much of the credit goes to Warren Buffett. The legendary investor has been a consistent buyer of the oil and gas stock and now owns a significant stake in it through his company, Berkshire Hathaway. As of June 30, Berkshire owned a 28.8% stake in Occidental Petroleum. With reinvested divide ...

Berkshire Hathaway keeps piling into Occidental stock. Should you follow Warren Buffett's lead? Over the past several quarters, Warren Buffett and his team at Berkshire Hathaway have reduced many of their holdings, including selling shares of Apple and Bank of America. However, one stock the conglomerate can't stop buying lately is Occidental Petroleum (OXY -0.59%). In the second quarter, Berkshire Hathaway purchased 7.3 million shares in the oil and gas producer, bringing its total stake to 255.3 million, ...

Buffett really likes this stock. Value investors should, too. Warren Buffett was mentored by Benjamin Graham, the father of value investing. It's no surprise, therefore, that Buffett has scrutinized the valuations of every stock he's bought throughout his long and successful career. Can value investors today get solid investment ideas from the stocks Buffett buys? I think so. The legendary investor bought seven stocks in the second quarter of 2024. Here's the best of the bunch for value investors. Buffett's ...

Occidental Petroleum (OXY) closed at $52.06 in the latest trading session, marking a +1.5% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.03%. On the other hand, the Dow registered a loss of 0.04%, and the technology-centric Nasdaq increased by 0.2%. Shares of the oil and gas exploration and production company have depreciated by 10.63% over the course of the past month, underperforming the Oils-Energy sector's loss of 3.35% and the S&P 500's gain of 1.54%. T ...

This is one stock Buffett simply cannot stop buying. Berkshire Hathaway (BRK.A 0.89%) (BRK.B 0.93%) has been accumulating a position in Occidental Petroleum (OXY 0.47%) for some time and now owns more than 27% of the oil company. In this video, I sit down with energy sector expert Tyler Crowe to take a closer look at whether Occidental could be a smart buy while it's trading at a 52-week low. *Stock prices used were the morning prices of Sept. 12, 2024. The video was published on Sept. 13, 2024. ...

Occidental Petroleum aims to build out a leading carbon capture and sequestration business. Occidental Petroleum (OXY 0.12%) has long been a leader in using carbon dioxide in its oil business. It injects the greenhouse gas into underground oil reservoirs in the Permian Basin to boost the production of those legacy fields through a technique known as enhanced oil recovery (EOR). The oil company is now leveraging that expertise to become an early leader in carbon capture and sequestration (CCS). The oil compa ...

One of the Oracle of Omaha's favorite stocks to buy is Berkshire Hathaway's new leading provider of dividend income. If you've ever wondered why professional and everyday investors pay such close attention to what stocks Berkshire Hathaway (BRK.A -0.54%) (BRK.B -0.72%) CEO Warren Buffett is buying and selling, look no further than his track record. Since taking over as CEO in the mid-1960s, he's presided over an aggregate return in his company's Class A shares of almost 5,470,000%, as of the closing bell on ...