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OXY Stock News Image - Barrons

The Buffett-led conglomerate has deep pockets with over $150 billion in cash. But Occidental may want to reconsider.

Barrons 2023 Dec 01
OXY Stock News Image - Seeking Alpha

Occidental Petroleum Corporation's Anadarko acquisition faced challenges due to the pandemic, but the benefits were not completely canceled. The pandemic highlighted the risk of deleveraging after a leveraged acquisition, leading to a demand for low leverage ratios in future acquisitions. Technology advances have led to production improvements, which will impact earnings in the future.  The Anadarko acquisition is becoming more valuable.

Seeking Alpha 2023 Nov 30
OXY Stock News Image - Proactive Investors

Occidental Petroleum Corporation (NYSE:OXY) is reportedly in talks to buy CrownRock, a Texas shale firm, with a deal said to be worth $10 billion. It a deal goes through, as reported by the Wall Street Journal, it would be the latest in a series of consolidating transactions in the US shale sector.

Proactive Investors 2023 Nov 30
OXY Stock News Image - Market Watch

Occidental Petroleum Corp. OXY, +0.45% is in negotiations to buy Texas energy producer CrownRock in a deal that could be valued at more than $10 billion, the Wall Street Journal reported late Wednesday.

Market Watch 2023 Nov 29
OXY Stock News Image - Reuters

Occidental Petroleum is in talks to buy CrownRock, a major energy producer in the west Texas area of the Permian basin, the Wall Street Journal reported on Wednesday.

Reuters 2023 Nov 29
OXY Stock News Image - WSJ

The deal could value CrownRock well above $10 billion including debt.

WSJ 2023 Nov 29
OXY Stock News Image - The Motley Fool

Occidental Petroleum is an oil and gas producer that has benefited from elevated crude oil prices. Warren Buffett's Berkshire Hathaway has added 228 million shares of the company since 2022.

The Motley Fool 2023 Nov 28
OXY Stock News Image - Seeking Alpha

OXY's investment thesis remains robust with positive long-term tailwinds, as we expect deeper OPEC+ cuts through H1'24 to support current spot prices. Its improving balance sheet, well-diversified energy portfolio, and inherent undervaluation make it a good fit for Berkshire Hathaway Energy's acquisition. Ultimately, Warren Buffett's increased stake in OXY suggests his optimism about the prospects of the conventional oil/gas industry in the long term.

Seeking Alpha 2023 Nov 28
OXY Stock News Image - Zacks Investment Research

Recently, Zacks.com users have been paying close attention to Occidental (OXY). This makes it worthwhile to examine what the stock has in store.

Zacks Investment Research 2023 Nov 15
OXY Stock News Image - The Motley Fool

Occidental Petroleum has continued to redeem Berkshire's preferred stock investment. The redemptions will save the oil company money over the long term.

The Motley Fool 2023 Nov 14
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