Why this top Warren Buffett oil stock is soaring

Warren Buffett-backed Occidental Petroleum (NYSE: OXY) saw its shares fly 9% higher in the last 24 hours as the equity rose to its February 20 press time price of $51.51.OXY stock price one-week chart. Source: FinboldOXY shares’ rally was driven by an exceptionally impressive February 19 earnings report, spearheaded by a massive earnings per share (EPS) beat. Specifically, Occidental Petroleum recorded an EPS of $0.31 rather than the forecasted $0.18-0.19.Other contributing factors include a substantial red ...