Occidental Petroleum (OXY) closed the latest trading day at $52.70, indicating a +1.19% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.The the stock of oil and gas exploration and production company has risen by 11.86% in the past month, leading the Oils-Energy sector's loss of 7.35% and the S&P 500's loss of 3.31%.The investment community will be paying close attentio ...

Core Viewpoint - Occidental Petroleum experienced a significant decline in stock value in 2024, losing 17.3%, while the S&P 500 index gained 23% [1] Group 1: Stock Performance and Market Reaction - Despite Berkshire Hathaway's continuous share purchases, investor sentiment remained cautious due to rising debt and falling crude oil prices [2] - The stock suffered the most in the second half of 2024, coinciding with a major acquisition of CrownRock for nearly $12 billion, which included $1.2 billion of existing debt [3][4] - Investors were concerned that lower oil prices would negatively impact Occidental's financial performance and cash flows, especially with increasing interest expenses [4] Group 2: Financial Strategy and Future Outlook - Occidental set a target to reduce debt by $4.5 billion within a year of the CrownRock acquisition and achieved 90% of this goal within two months [5] - The company generated strong cash flows in the third quarter, bolstered by CrownRock's assets, and anticipates an addition of $1 billion in free cash flow at a WTI crude oil price of around $70 per barrel [6] - Production is increasing, and management is committed to further debt reduction in 2025, alongside investments in OxyChem and carbon capture and storage, which are expected to drive growth [7] - Occidental is likely to raise its dividend again in 2025, following a 22% increase in 2024, positioning the stock as a potential turnaround story [7]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Group 1 - Warren Buffett purchased an additional 8.9 million shares of Occidental Petroleum in December 2024, increasing his ownership to approximately 28% of the company [1] - Occidental Petroleum's shares have experienced a decline, indicating potential market challenges [1] Group 2 - The investor's strategy focuses on high-risk, high-reward situations, particularly in technology markets, with significant holdings in Bitcoin, Tesla, Google, Amazon, and Nvidia [1]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Investment Opportunity - The article highlights a rare opportunity to purchase a Warren Buffett stock, Occidental Petroleum, at a significant discount compared to Warren Buffett's own average cost [1] Analyst Disclosure - The author of the article holds a beneficial long position in Berkshire Hathaway (BRK B) through stock ownership, options, or other derivatives [1] - The article represents the author's personal opinions and is not influenced by any compensation or business relationships with the mentioned companies [1] Platform Disclosure - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide specific investment recommendations or advice [2] - The views expressed in the article may not reflect those of Seeking Alpha as a whole, and the platform is not a licensed securities dealer, broker, or investment adviser [2] - The analysts contributing to Seeking Alpha include both professional and individual investors who may not be licensed or certified by any regulatory body [2]

It's no secret that Warren Buffett isn't finding many stocks he likes enough to buy these days. The legendary investor has been a net seller of stocks for eight consecutive quarters, a streak dating back to late 2022.That doesn't mean Buffett hasn't been buying any stocks. He has chosen a select few that meet his stringent criteria. Which stock did Buffett buy in 2024 that he's most likely to buy again this quarter?Buffett's buys last yearThe most notable addition to Berkshire Hathaway's portfolio in the fi ...

Warren Buffett, the ‘Oracle of Omaha’, is one of the most famous investors of all time. The reputation is well-deserved — Buffet and his business, Berkshire Hathaway (NYSE: BRK.A) have managed to outperform the market on a consistent basis.However, those results don’t come from risky, short-term bets — instead, Buffett adopts a value investing approach, buying equity in businesses that have proven management and long-term competitive advantages.Throughout the course of 2024, Buffett and Berkshire Hathaway h ...

Warren Buffett's Investment in Occidental Petroleum - Warren Buffett's Berkshire Hathaway invested approximately $405 million in Occidental Petroleum (OXY) shares during 2024, despite the stock trading below $50 [1] - OXY stock has shown signs of recovery, currently trading at $50.51, up 1.41% in the last trading session and 4.6% on a weekly basis [2] Technical Analysis and Potential Breakout - OXY stock is forming a bullish technical pattern, pushing above a descending wedge, with a bullish MACD cross indicating positive momentum [4][5] - Key resistance levels to watch are $55 and $62.50, with a potential breakout paving the way for higher price ranges [6] Financial Recovery and Strategic Moves - Occidental Petroleum has reduced its debt by 60% since its 2019 acquisition of Anadarko Petroleum, leveraging $23.6 billion in free cash flow from the 2022 oil surge [7] - The company redeemed 15% of Berkshire's preferred stock, saving $120 million annually in interest costs [7] Long-Term Growth Opportunities - Occidental's investment in direct air capture (DAC) technology positions it for long-term growth, with Microsoft purchasing 500,000 metric tons of carbon credits and the U.S. government investing $500 million in its carbon capture projects [8] Revenue Outlook - Occidental's revenue is expected to decline by 6.65% in Q4 2024 to $7.03 billion, but rebound by 14.96% in Q1 2025 to $6.91 billion [9][10] - Full-year 2024 revenue is estimated at $27.15 billion, down 6.1% from 2023, with a forecasted rebound to $28.44 billion in 2025, marking a 4.75% year-over-year growth [10] Analyst Projections - Wall Street analysts project OXY stock to trade at an average price of $60.45 in the next 12 months, with the highest forecast at $78 [11]

It could take several decades for these high-risk tickers to bear their full fruit.The advent of artificial intelligence (AI) is seen by many as one of the modern era's most incredible developments. And to be fair, it is a game changer.To say AI is the only innovation that's changing the world in a big way right now, however, ignores another revolution that's just as impressive... even if it's a little less exciting. That's the advent of renewable energy. For the first time in history it at least seems poss ...