Is Occidental Petroleum (OXY) The Best Energy Stock to Buy Now?

Group 1 - Occidental Petroleum Corp (NYSE:OXY) ranks 7 among the best stocks to buy according to Warren Buffett, with Berkshire Hathaway owning about 29% of the company and having acquired its chemicals business for $9.7 billion, indicating strong confidence in OXY [1] - The company is transitioning from a traditional oil producer to a leader in carbon removal, with its Direct Air Capture (DAC) facility, STRATOS, set to begin operations this year [1] - Occidental has established high-margin carbon removal credit agreements with major firms such as Microsoft and BlackRock, allowing it to produce net-zero oil with higher profit margins and lower decline rates compared to competitors, providing a unique hedge against the global energy transition [1]