Does Occidental Petroleum (NYSE:OXY) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
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Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Occidental Petroleum (NYSE:OXY) is an energy stock in Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) portfolio. Berkshire owns 248 million shares of OXY, indicating a 28% stake in the company, which is quite sizeable. I believe this Warren Buffett stock is a good buy in May 2024. I am bullish on OXY stock due to its acquisition of CrownRock, expanding chemicals business, and massive potential for low-carbon products. Berkshire has increased its stake in Occidental Petroleum since 2020, and it
The Occidental/CrownRock acquisition is expected to close in the current quarter, and is likely to be less accretive than other recent deals.
Occidental Petroleum's diversification is paying dividends.
One of Berkshire Hathaway's Warren Buffett's most well-known investment advice is to hold steady, be patient and believe in the power of value investing. I'm a Self-Made Millionaire: These Are the 6...