Occidental Petroleum Corporation (OXY) is scheduled to release first-quarter 2024 results on May 7, after market close. In the last four reported quarters, the company delivered an earnings surprise of 3.39%, on average.The Zacks Consensus Estimate for earnings is pegged at 56 cents per share on revenues of $6.7 billion. The top and bottom-line estimates suggest a decline of 7.7% and 48.6%, respectively, from a year ago.Per our proven model, the combination of a positive Earnings ESP and a Zacks Rank #1 (St ...

Buffett's holding company, Berkshire Hathaway, is betting big on Occidental Petroleum stock.Warren Buffett isn't shy about making big bets. Within Berkshire Hathaway's portfolio of publicly traded stocks, just 10 positions comprise more than 90% of its invested capital. One of those positions is Occidental Petroleum (OXY -0.42%). Buffett and Berkshire are betting on this company in a far greater way than most investors realize.Buffett and Berkshire are confidentAccording to the most recent filings, Berkshir ...

One of Buffett's favorite stocks of all time topped his list of buys in 2023.There are a lot of good reasons to pay attention to every investment decision Warren Buffett makes.Besides being the chairman and CEO of the eighth largest public company in the world, Buffett has an impressive track record as an investor. Since taking control of Berkshire Hathaway (BRK.A -0.56%) (BRK.B 0.07%) in 1965, he's grown the value of the business, including its investments, by a compound annual growth rate of 19.8%. That c ...

HOUSTON, May 01, 2024 (GLOBE NEWSWIRE) -- Occidental (NYSE:OXY) announced today that its Board of Directors declared a regular quarterly dividend of $0.22 per share on common stock, payable on July 15, 2024, to stockholders of record as of the close of business on June 10, 2024. About Occidental Occidental is an international energy company with assets primarily in the United States, the Middle East and North Africa. We are one of the largest oil and gas producers in the U.S., including a leading producer ...

Occidental Petroleum has several notable catalysts that could drive its stock price higher.Occidental Petroleum (OXY 0.66%) has become a popular oil stock in recent years. Warren Buffett has a lot to do with it. His company, Berkshire Hathaway, has been buying the oil stock hand over fist. It currently owns 28% of Occidental's outstanding shares. Many investors will likely buy Occidental to follow Buffett, especially since he considers it a potential "forever" holding. Here are three other reasons to buy th ...

The ingredients could be in place for one stock to replace Bank of America as Buffett's second largest holding.Anyone who follows Warren Buffett knows that Apple (AAPL -0.35%) is the largest position in his Berkshire Hathaway (BRK.A -0.76%) (BRK.B -0.69%) portfolio. The technology giant currently makes up a whopping 41.2% of Berkshire's total equity investments. Which stock ranks second? For now, it's Bank of America (BAC -0.21%). However, the big bank might not hold onto its spot for too much longer. I pre ...

Occidental Petroleum (OXY) closed the latest trading day at $67.33, indicating a -0.09% change from the previous session's end. This change lagged the S&P 500's daily gain of 0.02%. Elsewhere, the Dow saw a downswing of 0.11%, while the tech-heavy Nasdaq appreciated by 0.1%.The oil and gas exploration and production company's shares have seen an increase of 6.43% over the last month, surpassing the Oils-Energy sector's gain of 4.26% and the S&P 500's loss of 3.01%.Market participants will be closely followi ...

These stocks could be near major inflection points.I disagree with the adage that "opportunity only knocks once." At least, I don't think it's always true with investing. That said, there are inflection points for some stocks after which things will never be the same.Looking for these kinds of once-in-a-generation investment opportunities? Here are three magnificent stocks to buy right now.1. Occidental PetroleumYou might be surprised to see an oil stock on this list. Aren't companies based on fossil fuels ...

Anatoly Morozov/iStock via Getty Images Global oil markets remain as uncertain as ever. As we write, tensions between Israel and Iran are escalating, raising concerns about potential disruptions in a key oil-producing region. Meanwhile, in Guyana, output projections continue to rise with new discoveries, amid ongoing uncertainty about Chinese demand trends. It's a delicate balance between supply and demand, with limited price flexibility and constrained inventories. A small misjudgment can send markets ...

In the latest market close, Occidental Petroleum (OXY) reached $66.04, with a +0.09% movement compared to the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. On the other hand, the Dow registered a gain of 0.06%, and the technology-centric Nasdaq decreased by 0.52%.Prior to today's trading, shares of the oil and gas exploration and production company had gained 3.43% over the past month. This has outpaced the Oils-Energy sector's gain of 3.38% and the S&P 500's loss of 1.66% in that time ...