Jim Cramer Discusses Occidental Petroleum (OXY) In Context Of Broader Oil Industry

Group 1 - Jim Cramer discussed Occidental Petroleum Corporation (NYSE:OXY) in light of a report indicating that Warren Buffett's Berkshire Hathaway would acquire its petrochemical business for $9.7 billion [2][3] - The deal is expected to help Occidental Petroleum reduce its debt and refocus on its core oil business, amidst a challenging environment for oil companies facing balance sheet tightness [2][3] - Cramer highlighted that all oil companies are currently under financial pressure, and many with poor balance sheets, including natural gas companies, are struggling [3] Group 2 - Cramer expressed a belief that while Occidental Petroleum has potential as an investment, certain AI stocks may offer better returns with lower risk [3]