Warren Buffet has one of the best investing track records of all time. If you want to find profitable investments, just pay attention to Buffett's portfolio.Digging into his holdings, there's one oil stock that sticks out. In fact, it's possible that Buffett will eventually buy the entire company.For now, shares remain available to the public. If you have $200 that you don't need for daily essentials, this looks like a great time to jump into one of Buffett's biggest bets, thanks to the stock's recent pullb ...

Warren Buffett is sitting on the sidelines for the most part. Sure, the legendary investor has added a few stocks here and there in recent quarters. However, he's been a net seller of stocks for the last couple of years. And Berkshire Hathaway's cash stockpile is at stratospheric levels.Would it be surprising if Buffett didn't buy any stocks in the fourth quarter of this year? Not really. I don't think that will prove to be the case, though. Here's one stock Buffett could be buying hand over fist before the ...

Occidental Petroleum (NYSE: OXY), part of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A) portfolio, has extended losses to levels not seen in over two years.At the end of the December 4 trading session, OXY was valued at $48.90, down 2.98% for the day, marking the stock’s lowest close since March 2022 and a breach of the ‘danger zone.’The zone lies below the crucial $49 to $50 range, which has been a key support for the energy company since early 2022.  This support was key by anchoring Occidental Petrol ...

Occidental Petroleum’s (OXY) share price has dropped 15.5% in the last six months against the Zacks Oil and Gas Integrated – United States growth of 3.7%. The broader Zacks Oil and Energy sector dropped 4.1% in the same time frame.In the same time period, its peer ConocoPhillips (COP) has lost 3.1%, while Cactus Inc. (WHD) has gained 36.2%, both outperforming Occidental’s share price performance.OXY exposure to fluctuating market prices of commodities remains a concern. As of Dec. 31, 2023, there were no ac ...

After a few months of lackluster price action in the energy sector, most investors have shied away from some of the best names in the sector, especially those in the crude oil industry. Whether the news about the current oil demand makes sense or not, investors need to think of the energy space as one of the most under-owned market corners today. Even Paul Tudor Jones said in a recent CNBC interview that commodities today are severely under-owned. Judging by the price action in other commodities, investors ...

The oil industry is currently undergoing a massive consolidation wave. Sector leader ExxonMobil kicked things off by acquiring Pioneer Natural Resources in a more than $60 billion deal. Chevron followed it by agreeing to buy Hess for $60 billion. Several other oil companies also struck deals to acquire smaller rivals, including Occidental Petroleum (OXY 1.88%), which bought CrownRock in a $12 billion deal. One of the critical differences between Occidental's deal and the acquisitions of its larger peers is ...

Warren Buffett once said, "Wall Street is the only place that people ride to in a Rolls Royce to get advice from those who take the subway." It's fair to say that Buffett doesn't think too highly of Wall Street analysts' opinions. However, analysts think highly of some stocks that Buffett likes. As a case in point, $12.9 billion of Buffett's Berkshire Hathaway (BRK.A) (BRK.B 0.55%) portfolio is invested in one stock that could soar 25% over the next 12 months, according to Wall Street. One of Buffett's favo ...

Occidental (NYSE: OXY ) is unlike any other oil company and for this reason, it is broadly misunderstood and undervalued. Their extensive Delaware basin acreage is the reason why. While others also produce in the basin, Occidental has the largestLong-Term Focussed In-Depth Fundamental Analysis. - Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. - Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level ...

Anyone watching the Occidental Petroleum NYSE: OXY market will know that Warren Buffett has driven the price action. Fundamental qualities aside, Berkshire Hathaway's NYSE: BRK.A stock purchases began in early 2022, coinciding with an updraft in share prices, and have supported the stock numerous times since. With the stock falling below the trigger point, the question is if he’ll take the bait and buy more. The Berkshire stake is already approaching 30% but could quickly grow to over 40% if more stock is b ...

Occidental Petroleum (OXY 1.65%) expected its acquisition of CrownRock to move the needle for investors. So far, so good for the oil giant. It delivered robust free cash flow during the third quarter, which allowed it to continue strengthening its balance sheet. Here's a closer look at the quarter and what's ahead for the oil company.Drilling down into Occidental Petroleum's third-quarter resultsOccidental Petroleum produced $977 million, or $1 per share, of adjusted net income during the third quarter. Tha ...