Text size Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year. AFP via Getty Images Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 mill...
Tag: petroleum
Occidental Petroleum Tops Profit Estimates, Pays Down Debt
Text size Occidental stock has doubled this year and is the top performer in the S&P 500, Callaghan O’Hare/Bloomberg Warren Buffett probably liked Occidental Petroleum ’s second-quarter earn...
Warren BuffettWarren Buffet Favorite Occidental Petroleum Leads 5 Stocks To Watch Near Buy Points
Occidental Petroleum (OXY) leads your stocks to watch for the upcoming week. Egg producer Cal-Maine Foods (CALM), BJ’s Wholesale Club (BJ) and Hershey (HSY) are riding higher prices for food. Ul...
Once Unimaginable, Oil Flirts With Being Top U.S. Export
Significant increases in the price of oil on global markets has propelled both refined petroleum and … [+] oil to leading roles as U.S. exports in 2022. ustradenumbers.com Oil is flirting with b...
Occidental Petroleum Stock Eyes Buy Point As Earnings Near
Occidental Petroleum (OXY), a member of both the IBD 50 and IBD Big Cap 20, is running into resistance as it struggles to advance through a new consolidation pattern toward a buy point. Second-quarter...
PoW and PoS Are Like Petroleum And Electric Cars In The Crypto World: The European Central Bank
European Central Bank Published a report and compared Pow with Petrol vehicles and PoS with Electric vehicles. Tesla halted accepting BTC payments in 2021 and will resume after green energy cons...
Berkshire Nears 20% Stake in Occidental Petroleum After New Buys
Text size Berkshire CEO Warren Buffett has been steadily adding to his company’s position in Occidental for months. Andrew Harrer/Bloomberg Berkshire Hathaway continues to add its stake in Occid...
Can The Saudis Give Biden Long-Term Oil Price Stability?
Saudi Minister of Energy Prince Abdulaziz bin Salman al-Saud (Photo by KARIM SAHIB / AFP) (Photo by … [+] KARIM SAHIB/AFP via Getty Images) AFP via Getty Images President Joe Biden is going to S...
Is Warren Buffett’s Favorite Stock Overbought? Occidental Petroleum Gets Downgrade From Analysts
Topline Shares of Occidental Petroleum, a favorite of billionaire investor Warren Buffett, fell 2% on Monday after Goldman Sachs analysts downgraded the stock and warned valuations look less attractiv...
Buffett’s Berkshire Hathaway Buys More Occidental Petroleum Stock
Text size Warren Buffett hip Somodevilla/Getty Images Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wedne...
Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase
Text size Buffett likes American companies, and Occidental gets the vast bulk of its energy production domestically. Johannes Eisele/AFP/Getty Images Berkshire Hathaway continued to add to its stake i...
Warren Buffett Beefs Up Occidental Petroleum Bet
Summary Buffett increased the holding by 6.67% as gas prices continue to climb. During Berkshire’s annual meeting, he expressed confidence in the CEO’s leadership. As oil prices continue t...
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the c...
Berkshire Hathaway Holds 16.3% of Occidental Petroleum After Recent Buys
Text size Warren Buffett, chairman and CEO of Berkshire Hathaway. Kevin Dietsch/Getty Images Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a ...
Occidental Petroleum is a strong buy at $55
Occidental Petroleum Corporation (NYSE:OXY) is trading at $55. It dropped to this level last week after the bear markets were confirmed. This analysis notes that the stock first shot to $55 after Berk...
Marathon Petroleum is a strong buy as earnings and momentum remain strong
Marathon Petroleum Corporation (NYSE:MPC) shed 19.43% last week to close at $87. This comes after the bear market is confirmed. While bear market fears are indeed real, this analysis considers Maratho...
Occidental Petroleum is building momentum for the next $85 target
Occidental Petroleum Corporation (NYSE:OXY) is trading at $64. This week, the stock lost about 8.66% from its opening of $70.10. Last week, the stock declined from $73.07 to $70.29. Our analysis indic...
For First Time, U.S. Imports Topped $1 Trillion In 4 Months, New Data Shows
As oil prices have risen so too have gasoline prices, leading to higher inflation for U.S. … [+] consumers. Getty Images U.S. trade topped $1 trillion in the first four months of the year, accor...
Cash Dividend On The Way From Occidental Petroleum
On 6/9/22, Occidental Petroleum will trade ex-dividend, for its quarterly dividend of $0.13, payable on 7/15/22. As a percentage of OXY’s recent stock price of $68.50, this dividend works out to...
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices shooting past $100
Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices shooting past $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, th...
OPEC+ Shouldn’t Kick Russia Out Of The Group
Vienna, AUSTRIA: The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in … [+] Vienna. AFP PHOTO/JAKUB SUKUP (Photo credit should read JAKUB SUKUP/AFP via Getty Image...
Occidental Petroleum Continues to Target Higher Prices
Occidental Petroleum (OXY) is making a new 52-week high Monday as crude oil futures resume their rise. In our February 24 review of OXY and the VanEck Oil Services ETF (OIH) , we were bullish with a...
Berkshire Hathaway buys about $52 million of Occidental Petroleum stock
Warren Buffett’s holding company Berkshire Hathaway Inc. BRK.A, +0.73% BRK.B, +0.75% acquired 901,768 shares of Occidental Petroleum OXY, +8.21% in two purchases this week valued at a combined $...
Hold Occidental Petroleum as it battles the $60 resistance
Occidental Petroleum Corporation (NYSE:OXY) has continued to face resistance at the price of $60. Although the stock has been pushing through the resistance, it continues to face significant pressure....
Oil Stocks: Buffett Favorite Occidental Petroleum Among Key Earnings As Crude Prices Retreat
Canada-based oil-sands producer Suncor (SU) was set to report first-quarter results late Monday, following a spike in oil prices after Russia invaded Ukraine. Suncor stock and other oil stocks, howeve...
Fuel Your Portfolio With These Three Petroleum Stocks
. Since the price of gas dropped below $2 per gallon at the beginning of the coronavirus pandemic, prices have been rising quickly as consumer demand returns to normal. The Russia-Ukraine conflict has...
Canada, Not Russia, Now Leading U.S. Importer Of Refined Petroleum Products
After two years with Russia on top in the value of U.S. imports of refined petroleum products, … [+] Canada is running ahead of Russia through February. ustradenumbers.com Canada now leads Russi...
JetBlue, Eli Lilly, Occidental Petroleum and more
A JetBlue passenger jet (Embraer 190) taxis at LaGuardia Airport in New York, New York. Robert Alexander | Archive Photos | Getty Images Check out the companies making headlines in midday trading Wedn...
Where to buy Occidental Petroleum stock (OXY) as it recovers from the recent drop
The price of Occidental Petroleum stock (OXY) is has started correcting the recent price drop that had brought it down from a high of $60.96 on March 21 to a low of $56.64 on March 28. It has gained a...