The Latest Breaking News from OXY

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Warren Buffet’s Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) has purchased another 794,389 shares of Occidental Petroleum Corp (NYSE:OXY), at an average price of ~$55.39, according to a Form-4 filing with the U.S. Securities and Exchange Commission. The total purchase amount was ~$44 million for ~794 thousand shares of OXY. Last week the company…

Oil and gas prices have remained elevated over the past few months due to the tighter supply caused by the ban on Russian oil and surging demand. However, Southwestern Energy (SWN) hasn’t been able to capitalize on the high oil prices because of its fundamental weakness. However, Occidental Petroleum (OXY),…

Warren Buffett’s strategic investment decisions have been a guide for retail inventors for decades. And we think investors should consider buying the dip in these fundamentally solid stocks from his portfolio, Apple (AAPL), Amazon.com (AMZN), and Occidental Petroleum (OXY) now.

EU leaders on Monday imposed harsh restrictions on Russian oil exports, which drove oil prices higher. Meanwhile, easing COVID-19 restrictions in China and less oil and gas from other sources amid the Russia-Ukraine war are keeping prices elevated. Amid this, we think oil and gas stocks that have outpaced the…

While most of the market has been mired in a brutal correction, energy stocks have had a very mild pullback. Investors should consider buying a high-quality energy stock like Ovintiv (OVV), Occidental Petroleum (OXY), and VAALCO Energy (EGY) as the underlying fundamentals keep improving.

Oil producer Occidental Petroleum reported EPS that beat expectations. OXY stock fell after hours, after a mixed day for oil stocks.

Warren Buffett's Berkshire Hathaway Inc (NYSE: BRK-B) has bought another 5.9 million shares of Occidental Petroleum Corporation (NYSE:OXY), boosting its stake in the oil company to ~15.2%. Occidental's share price has doubled this year, benefiting from Berkshire's purchases and rising oil prices, with a further boost from the Ukraine crisis. The purchases made on May 2…

Revered investor Warren Buffett has a roughly 14% stake in Occidental Petroleum (OXY), one of the largest oil producers in the U.S. Buffett has been betting on OXY’s rapid growth and managerial efficiency of late. Furthermore, with a focus on sustainable production to reduce its carbon footprint, Buffett believes that…

Growing concerns over the 40-year high inflation and limited progress related to the Russia-Ukraine peace talks have been driving immense market volatility. So, it could be wise to bet on large-cap stocks Canadian Natural Resources (CNQ), Tenaris (TS), Sasol (SSL), First Quantum (FQVLF), and Occidental Petroleum (OXY) for generating stable…

The stock market has been under pressure since the beginning of the year amid concerns over the Fed’s monetary tightening policies and the war in Ukraine. However, stocks closed near session highs on the first day of April, which is historically the best month for the S&P 500. Despite the…