Why Occidental Petroleum Stock Slumped 17% in 2024 but Could Rally in 2025

2024 was a bummer year for Occidental Petroleum (OXY 0.93%) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was, in fact, one of the worst-performing large-cap energy stocks of 2024, significantly lagging the S&P 500 index, which gained 23% in the year.Despite Warren Buffett's holding company, Berkshire Hathaway, consistently buying shares of Occidental Petroleum throughout 2024, investors remained on the sidelines as Occidental ...