OXY Stock Recent News
OXY LATEST HEADLINES
Investors often turn to Warren Buffett for advice for one good reason: He's proven his ability to navigate any investing waters -- from moments of euphoria to the doldrums -- and win over time. Buffett doesn't rush to buy the hottest stocks as markets soar and doesn't panic-sell during difficult periods.
OXY is exposed to commodity price fluctuation, but investors can remain invested, given its strong Permian Basin and contribution from acquired assets.
Though Warren Buffett is known as a highly successful ‘get rich slow' investor, he has, nonetheless, made multiple trades that are exceptionally well timed and appreciated swiftly.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Integrated players' midstream operations remain robust due to steady fee-based revenues derived from pipeline assets, improving the prospects for the Zacks Oil & Gas US Integrated industry. ConocoPhillips (COP), Occidental (OXY) Cactus (WHD) & Berry (BRY) are likely to gain.
Occidental is conservatively valued, trading below historical multiples, and could outperform in 2025 if new sanctions effectively reduce excess oil supply. Stricter sanctions on Russian and Iranian oil are expected to firm up oil prices, benefiting Occidental and its peers. Occidental's extensive Delaware acreage and low-cost reserve replacement position it well for long-term growth and reduced operational risks.
Occidental Petroleum (OXY) closed at $52.70 in the latest trading session, marking a +1.19% move from the prior day.
2024 was a bummer year for Occidental Petroleum (OXY 1.13%) -- the oil and gas stock lost 17.3% value in the year, according to data provided by S&P Global Market Intelligence. Occidental was, in fact, one of the worst-performing large-cap energy stocks of 2024, significantly lagging the S&P 500 index, which gained 23% in the year.
Occidental Petroleum Corp. (NYSE: OXY) is rewarding its shareholders once again with a quarterly dividend of $0.22, payable on Wednesday, Jan.
Here's a look at the stocks Berkshire Hathaway bought during the recent market selloff.