OXY Stock Recent News

Occidental Petroleum and Hess Corporation are strong operators in the oil and gas industry. OXY currently has the edge over HES with a higher dividend yield and lower valuation.

A lot has changed about Occidental Petroleum (OXY -1.18%) since around 2020. Some of the changes were good and some weren't, though how you view the company may depend a little bit on your approach to investing.

Berkshire Hathaway's latest moves include doubling down on Constellation Brands and increasing stakes in Domino's Pizza, Pool, and Sirius XM, while dropping Citigroup, DaVita, and Nu Holdings. Top Berkshire 'dividend dogs'—Kraft Heinz, Sirius XM, and Ally Financial—now offer annual dividends from $1,000 invested that exceed their single share prices, meeting the dogcatcher ideal. Analyst forecasts suggest the top ten high-yield Berkshire stocks could deliver average net gains of 21.31% by May 2026, with moderate risk compared to the broader market.

Dividend investing can be among the most frustrating investing styles for those thinking long-term.

Occidental Petroleum stands out with its Permian Basin dominance, global diversification, and leadership in low-carbon technology, making it a compelling energy investment. OXY's operational efficiency, cost reductions, and disciplined capital allocation—highlighted by buybacks and dividends—underscore its financial stability and appeal to value investors. Despite short-term oil price volatility and competitive risks, OXY's strong cash position, Buffett's backing, and acquisition potential provide resilience and upside catalysts.

Being able to buy high-yield, high-buyback stocks with solid balance sheets at deep discounts to NAV is extremely rare. However, there are several opportunities like this in today's market. I share two of some of my favorite opportunities like this right now.

Occidental Petroleum (OXY -1.84%) has big aspirations. In fact, the defining features of the energy company today are centered around management's long-term goals.

Warren Buffett's Berkshire Hathaway continues to accumulate Occidental Petroleum (OXY) shares, now holding over 28% of its outstanding shares. This signals Buffett's strong confidence in the company's long-term value. The confidence is well placed judging by the total shareholder yield implied in OXY's Q1 2025 earnings report.

Picking through the proverbial haystacks to find the needles smart-money investors are targeting is a difficult task to do on one's own.

Warren Buffett was once again a net seller of stocks in the first quarter of 2025. This marked the 10th consecutive quarter that the legendary investor sold more than he bought.