Is Occidental Petroleum a Buy on the Dip?

Occidental Petroleum is focused on growing, with the help of Warren Buffett, as it looks to compete with the industry's largest players. The name Occidental Petroleum (OXY -1.38%) gets more attention than it used to, thanks to the involvement of Warren Buffett and Berkshire Hathaway (BRK.A -0.15%) (BRK.B -0.11%), the company Buffett runs. Given the Oracle of Omaha's fame as an investor, some might buy Occidental Petroleum for this fact alone. But you'll probably want to get a bit more of an understanding he ...