OXY Stock Recent News

OXY's strong U.S. asset base from the Permian to the Gulf of America underpins cash flow stability and long-term growth prospects.

As groups seek to combat the significant rise in atmospheric carbon dioxide (CO₂) on Earth, the carbon capture and sequestration (CCS) market is set to become an increasingly large part of the economy. Fortune Business Insights values the global CCS market at approximately $4.5 billion in 2025.

Warren Buffett, the Oracle of Omaha, is the master of the sly stock grab, quietly amassing stakes in undervalued companies while the market naps. His recent moves, like boosting Berkshire Hathaway Inc's BRK BRK holdings in Occidental Petroleum Corp OXY and VeriSign Inc VRSN, prove he's still got a nose for hidden gems.

Occidental (OXY) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Occidental Petroleum is undervalued after recent share price declines, despite strong cash flow and efficient operations supporting robust shareholder returns. The company has aggressively reduced debt, improved operational efficiency, and expects significant free cash flow growth through 2027, even at low oil prices. Innovative projects like Stratos position Occidental for future decarbonization opportunities, adding long-term value beyond traditional oil production.

The name Occidental Petroleum (OXY -1.38%) gets more attention than it used to, thanks to the involvement of Warren Buffett and Berkshire Hathaway (BRK.A -0.15%) (BRK.B -0.11%), the company Buffett runs. Given the Oracle of Omaha's fame as an investor, some might buy Occidental Petroleum for this fact alone.

Warren Buffett's company, Berkshire Hathaway (BRK.A -0.40%) (BRK.B 0.83%), continues to be a big believer in Occidental Petroleum (OXY 1.63%). It's easy to see why when looking at the oil giant's recently reported second-quarter results.

Veteran investors know the market is forever changing, requiring you to change with it. These changes include industry leadership, stock-selection strategies, allocation adjustments, and more.

Occidental Petroleum is shifting focus from acquisitions to maximizing profitability and prioritizing debt reduction. Management's operational improvements and cost structure changes position OXY for future outperformance. Debt reduction remains a key market concern.

Occidental Petroleum Corporation (NYSE:OXY ) Q2 2025 Earnings Conference Call August 7, 2025 1:00 PM ET Company Participants Kenneth Dillon - Senior VP and President of International Oil & Gas Operations R. Jordan Tanner - Vice President of Investor Relations Richard A.