3 Things Every Occidental Petroleum Investor Needs To Know

Group 1: Cost Efficiency - Occidental Petroleum is recognized as a low-cost leader in the fossil fuel sector, typically breaking even when crude oil prices are below $60 per barrel, with some fields having breakeven points under $50 and nearly half of its wells able to break even at prices under $40 [2][3] Group 2: Carbon Capture Initiatives - The company is actively developing direct air capture technology, with a facility in Ector County, Texas, set to be the largest of its kind, capable of removing up to 500,000 metric tons of carbon dioxide from the air annually [6][4] - Successful implementation of carbon capture technology at an industrial scale could enhance the marketability of crude oil [7] Group 3: Investment Confidence - Warren Buffett has expressed strong support for Occidental Petroleum, highlighting the company's expertise in oil extraction and its significant U.S. oil and gas holdings, with Berkshire Hathaway owning nearly 265 million shares valued at approximately $11 billion, representing about 26.9% of the company [8]