Company Overview - Occidental Petroleum (Oxy) is an integrated energy company with assets in upstream (oil and natural gas production), midstream (pipelines), and downstream (chemicals and refining) segments, similar to industry giants like ExxonMobil and Chevron [2] - The company's portfolio spans the United States, the Middle East, and North Africa, though its geographic diversification is less extensive compared to larger peers [3] - Oxy has a market capitalization of $50 billion, significantly smaller than Exxon's $550 billion and Chevron's $270 billion [3] Growth Strategy - Oxy is actively pursuing acquisitions to expand its scale and compete with industry giants, as seen in its outbidding of Chevron for Anadarko Petroleum and its recent acquisition of Crown Rock [4][5] - The company aims to grow into one of the top players in the energy industry by acquiring assets similar to those targeted by larger competitors [5] - Acquisitions are particularly meaningful for Oxy due to its smaller size, providing more significant growth opportunities compared to its larger peers [7] Industry Context - The energy industry is transitioning toward cleaner energy sources like solar and wind, but oil and natural gas are expected to remain critical components of the global energy mix for decades [6] - Industry consolidation favors large and efficient operators, positioning companies like Exxon and Chevron as leaders, while Oxy seeks to expand its operating scale through acquisitions [6][7] Competitive Positioning - Oxy's business model mirrors that of Exxon and Chevron, but its smaller size makes it unlikely to fully catch up to these giants, despite its acquisition-focused growth strategy [8] - The company has demonstrated financial prudence by paying down debt and focusing on smaller, more manageable acquisitions, such as Crown Rock, following past missteps like the Anadarko deal [4][7] Investment Perspective - Oxy represents a growth opportunity for investors willing to take on additional risk, as it actively competes with larger industry players through strategic acquisitions [9] - Conservative investors may prefer established giants like Exxon or Chevron, while growth-oriented investors could find value in Oxy's expansion efforts [9]

Occidental Petroleum's (OXY) share price has dropped 15.8% in the trailing twelve months compared with its industry's decline of 7.2%. OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no active commodity hedges in place, so if the commodity prices drop substantially, it can adversely impact Occidental's performance. The company has issued $5 billion of senior unsecured notes to fund the cash consideration of the CrownRock acquisitions. A huge increa ...

This Warren Buffett stock is begging for your attention. Warren Buffett knows a thing or two about oil stocks. And while his track record hasn't been perfect, betting alongside one of the best investors of all time is a wise strategy for making money over the long term. Lately, Buffett has been loading up on one oil stock in particular. Last quarter, he increased his position in it by more than 7 million shares. So if you're on the hunt for oil stocks with attractive long-term upside, this one is worth cons ...

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 ...

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. ...