Is Occidental Petroleum Stock (OXY) Nearing Buy Support?

Group 1 - Warren Buffett has sold shares in Bank of America and Apple but continues to hold a significant stake in Occidental Petroleum, with Berkshire Hathaway owning approximately 28.8% of shares outstanding after a recent $435 million purchase [1] - Buffett appreciates Occidental's extensive oil and gas holdings in the U.S. and its leadership in carbon-capture initiatives [1] - The price of West Texas Crude Oil has recently declined but is holding around $65 per barrel, with a move above $70 indicating a potential firmer bottom for oil [2] Group 2 - Occidental Petroleum's stock is currently sitting on the 200-week moving average, indicating a potential support level after four weeks of trading at this level [2] - On the monthly chart, OXY is holding the 80-month moving average, suggesting it should maintain around $50 per share to be favorable [2] - OXY confirmed a potential reversal bottom after reaching a multi-year low, with the last similar trading levels occurring in March 2022 [2]