Warren Buffett doesn't mind sitting on the sidelines. That's what he's doing for the most part these days. In 2023, he was a net seller of stocks.However, the legendary investor has added a few stocks to Berkshire Hathaway's portfolio in recent months. There's one that he seems to be especially excited about -- Occidental Petroleum (OXY -1.00%). Buffett is buying this dividend stock hand over fist. Should you?Aggressive buyingBuffett first initiated a position in Occidental in the third quarter of 2019. He ...

Berkshire Hathaway's (BRK.A 0.35%) (BRK.B 0.22%) 2022 re-entry into a position in oil giant Occidental Petroleum (OXY -1.00%) wasn't exactly expected. But investors didn't balk, either. Warren Buffett's owned plenty of energy stocks in the past, after all, and there's no denying the world remains dependent on crude oil.Buffett and his acolytes' decision to reopen an Occidental Petroleum trade -- and add to it in the meantime -- is looking increasingly brilliant. Demand for oil continues to grow despite the ...

As someone who has dabbled with high-stakes assets like cryptocurrencies or options trading, I can tell you that there’s a certain feeling of confidence with long-term stocks to buy that you just don’t get through extreme speculation.Recently, I shared my step-by-step account of trading Biomea Fusion (NASDAQ:BMEA) options. One element that I discovered was the intense emotions that are part and parcel of involvement in the derivatives market. Glued to the trading desk, I was zeroed in on every blip and ever ...

HOUSTON, Feb. 08, 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 April 15, 2024, to stockholders of record as of the close of business on March 8, 2024. On an annual basis, the dividend is $0.88 per share at the new rate, compared to the previous annual rate of $0.72 per share. About Occidental Occidental is an international energy company with assets primarily in the United Stat ...

Occidental Petroleum (OXY) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Fe ...

The esteemed investor Warren Buffett, serving as Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), has significantly broadened the company’s extensive portfolio through the acquisition of further shares in the Occidental Petroleum Corp (NYSE: OXY).Executed on February 5, the transaction involved acquiring 4,302,324 shares at a trading price of $57.29 each, amounting to $245.9 million. This led to Berkshire Hathaway’s total holdings in the company reaching 248,018,128 shares, filed with SEC.Berkshire Hathaw ...

Occidental CEO Vicki Hollub speaks at the panel dicscussion during the Abu Dhabi International Petroleum Exhibition and Conference held at ADNEC Exhibition Center on October 2, 2023.The oil market will face a supply shortage by the end of 2025 as the world fails to replace current crude reserves fast enough, Occidental CEO Vicki Hollub told CNBC Monday.About 97% of the oil produced today was discovered in the 20th century, she said. The world has replaced less than 50% of the crude produced over the last de ...

Occidental Petroleum (OXY) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this oil and gas exploration and production company have returned -1.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has lost 1.2%. The key question now is: What ...

The most recent trading session ended with Occidental Petroleum (OXY) standing at $58.22, reflecting a -0.31% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.Shares of the oil and gas exploration and production company have depreciated by 2.19% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and lagging the S&P 500's g ...

Kevin Dietsch Intro & Thesis I have written 5 articles on Occidental Petroleum Corporation (NYSE:OXY) stock since becoming an active analyst on Seeking Alpha, but unfortunately for me, the stock has remained flat since early last year when I became bullish. Seeking Alpha, the author's coverage of OXY stock In many respects, this underperformance of the stock can be explained by a negative background: The overall energy sector (XLE) has shrunk by 4.26% over the past year, while the S&P 500 Index represented ...