OXY Stock Recent News

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The company is also building major growth engines outside traditional energy, including its fast-moving direct air capture (DAC) business, 1PointFive, and its highly profitable chemical division, OxyChem, which provides steady, cash-generating support across economic cycles.

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Berkshire Hathaway's Q4 additions include Constellation Brands, while increasing stakes in Occidental Petroleum, Domino's Pizza, and Pool, reflecting Buffett's strategic growth and value investments. Top Berkshire dividend stocks like Kraft Heinz, Sirius XM, and Ally Financial offer attractive yields, meeting the dogcatcher ideal of dividends exceeding share prices. Analysts forecast significant gains for Berkshire's top-yielding stocks, with Ally Financial leading potential returns, highlighting the value in underpriced, high-yield investments.

I maintain a "Buy" rating on Occidental Petroleum (OXY) due to its operational efficiency, successful CrownRock integration, and strong FCF generation despite recent stock price declines. OXY's FY2024 results showed record U.S. production and cost reductions, with all business segments performing well, enhancing shareholder value. Potential DoE funding cuts for clean energy projects and lower Q1 2025 production guidance have pressured the stock, but STRATOS' progress remains a key catalyst.

Occidental Petroleum (OXY) reachead $39.83 at the closing of the latest trading day, reflecting a -0.35% change compared to its last close.

Occidental Petroleum (OXY 2.41%) has a big-name shareholder in the form of Warren Buffett's Berkshire Hathaway. That has put the company onto the radar of investors that follow the so-called Oracle of Omaha's every move (which includes most of Wall Street).

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 Co. NYSE: OXY is known for being one of the largest oil and gas producers in the United States, as well as being Warren Buffet's favorite stock in the energy sector based on his Berkshire Hathaway Inc. NYSE: BRK.A NYSE: BRK.B cumulative holdings of 28.2% ownership in the company.

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