Occidental Petroleum: I'd Be A Buyer Here

Warren Buffett: a major Occidental Petroleum shareholder. Jamie McCarthy Occidental Petroleum (NYSE:OXY) recently declined to a multi-year low of $50.66 after oil prices dipped to$61. The decline was not the first big one in recent years– there was a similar selloff near the end of 2023–but this selloff took OXY to fresh new lows not seen since early March 2022, before the Russian invasion of Ukraine that kicked off that year's oil bull market. On Tuesday, when I saw that oil prices had fallen to unexpecte ...