The Latest Breaking News from OXY

Warren Buffett decided to buy more of his favorite energy stock with record cash on hand.

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.-based Occidental Petroleum that was expected to produce around 90,000 barrels of oil per day

State’s energy and carbon management commission said fraudulent pollution data was reported for at least 344 wells

Occidental Petroleum reported third-quarter earnings and revenue late Tuesday.

While Occidental Petroleum has trailed the broader market over the past year, analysts still hold a moderately bullish outlook on its prospects.

Occidental Petroleum is all set to release its third-quarter earnings next month, and analysts expect a double-digit profit dip.

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

Residents were worried about the impact on their drinking water while business leaders were excited for the new jobs.

If approved, the Oxy carbon capture plant will be the largest in Texas. Critics worry the technology is not enough to beat back climate change.