OXY Stock Recent News

Warren Buffett is often hailed as the world’s greatest investor. In the 60 years he has been at the helm of Berkshire Hathaway (NYSE:BRK-A)(NYSE:BRK-B), Buffett has turned it into a $1 trillion powerhouse. Since 1965, when he took control, Buffett’s delivered an average annual return of about 20%, doubling the S&P 500’s 10% performance. A $1,000 investment in Berkshire back then would be worth over $40 million today, while the same in the S&P 500 would be just $320,000. Buffett’s secret? Buying great companies at fair prices and holding them for the long haul. One of his favorites is Occidental Petroleum (NYSE: OXY), the largest independent producer in the Permian Basin, one of the most critical fossil fuel production regions in the U.S. Berkshire owns a massive 28.2% stake — 265 million shares. But with OXY sitting near its 52-week low of $45.17, down from a high of $71.18, is it a steal for your portfolio, or a risky bet? 24/7 Wall St. Insights: Occidental Petroleum

HOUSTON, March 03, 2025 (GLOBE NEWSWIRE) -- Occidental (NYSE: OXY) today announced an offer to exercise its outstanding publicly traded warrants (the “Warrants”) at a temporarily reduced price (the “Offer”).

Which stock has Warren Buffett bought more than any other in recent years? That's an easy question.

Warren Buffett is often hailed as the world's greatest investor.

When investors try to gauge the market's sentiment for a group of stocks, they typically look at who has been buying into them lately with the hopes of understanding the reasoning behind these decisions. However, buying stock is not the only way large traders and market participants express their bullish views on a company's future.

Warren Buffett is one of the most successful investors the world has known. He is also, perhaps, one of the strongest advocates of long-term investing.

President Trump's push for fossil fuels has put oil stocks back on investors' radar. On his first day in office for the second term, Trump declared a national energy emergency, froze federal funding for clean energy, and avowed his intentions to boost the domestic oil and gas industry.

Occidental Petroleum's 2024 performance showcased record U.S. oil production, reduced operating expenses, and strong free cash flow, enhancing shareholder returns and balance sheet health. The company aims to improve its balance sheet and focus on shareholder returns, with strategic divestitures and modernization projects, including the STRATOS carbon capture initiative. Despite flat production expectations for 2025, Occidental's low breakeven costs and efficient operations position it for substantial returns, assuming stable oil prices.

OXY's strong position in the Permian Basin and free cash generation capabilities will allow it to strengthen its balance sheet, but its exposure to commodity price fluctuation is a headwind.

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.