#occidental-petroleum
#occidental-petroleum
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#berkshire-hathaway #energy-sector #debt-reduction #oxychem #oil-prices #warren-buffett #acquisition
from24/7 Wall St.
2 weeks agoBuffett's Favorite Oil Stock Just Dropped 8%. Here's the Bull and Bear Case for Buying the Occidental Dip
Occidental's operational story is strong, with Q4 2025 production hitting 1,481 thousand barrels of oil equivalent per day, exceeding guidance, and the Permian Basin setting a record at 800 Mboed in Q3 2025.
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from24/7 Wall St.
2 months agoWe Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.
Occidental Petroleum delivered 18% returns over 12 months despite crude price declines, driven by operational discipline, consistent earnings beats, and debt reduction from the OxyChem sale to Berkshire Hathaway.
from24/7 Wall St.
7 months agoOPEC+ Supply Surge: 3 Oil Stocks to Sell Before the Crash
OPEC+, the coalition of major oil producers plus Saudi Arabia and Russia , plans to increase crude output by 500,000 barrels per day (bpd) starting in November. This daily hike will continue for three months, injecting about 45 million additional barrels into the global market amid already weak demand caused by economic slowdowns in the U.S. and Asia. The move, aimed at balancing supply, risks creating an oversupply that could drive down prices.
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fromFortune
7 months agoWarren Buffett's last big deal? Berkshire Hathaway to buy Occidental Petroleum's chemical division for $9.7 billion | Fortune
Berkshire Hathaway is acquiring Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion as Buffett transitions CEO responsibilities to Greg Abel while remaining chairman.
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