OXY Stock Recent News

In the latest trading session, Occidental Petroleum (OXY) closed at $51.54, marking a +1% move from the previous day.

Occidental Petroleum is a well-managed energy firm with significant production upside, strong free cash flow, and a recent acquisition boosting its Permian Basin output. The company is using excess cash flow for debt repayment, enhancing its balance sheet, and offering a 2% dividend yield, making it an attractive buy. Warren Buffett's 30% ownership and the accretive CrownRock acquisition should provide additional comfort. Investors today get a 15% discount on Buffett's June buys of OXY.

Buffett is betting big on Occidental Petroleum. If you're bullish on oil prices, this company belongs in your portfolio.

Occidental Petroleum (OXY) closed at $52.40 in the latest trading session, marking a +0.31% move from the prior day.

Occidental Petroleum (OXY) reachead $52.24 at the closing of the latest trading day, reflecting a +1.16% change compared to its last close.

One of Buffett's favorite stocks over the last two years is now trading at the lowest price since Buffett started piling into the position. Despite the pullback in price, Buffett's not adding any more to his position, as the company faces some financial challenges.

Buffett bought shares of all three of these stocks in Q2. He's likely to buy even more of the stocks in Q3 in part because he has a solid understanding of their businesses.

Occidental Petroleum's latest acquisition should hugely improve its financials. That should allow the company to boost its dividends further.

Warren Buffett's Berkshire Hathaway owns 255 million shares in the oil and gas company. Declining oil prices have weighed on companies in the sector over the last year.

Buffett initiated two new positions for Berkshire Hathaway in Q2 and added to its stake in five other stocks. Value investors might find several of these stocks attractive.