Occidental Petroleum Corporation has been a complex point of attention amongst investors in recent times. Despite occasional market losses, the company's stock constantly outperforms competitors.
Warren Buffett through his company, Berkshire Hathaway, continues to show trust in Occidental, doubling down on their stocks and acquiring millions of shares. The company also draws significant attention from wealthy investors such as
Paul Tudor Jones and institutional owners who hold around 52-54% of the company. In spite of some fluctuations, Occidental's strong financials appear to guide its uptrend in the market, and its
dividend prospects seem attractive to many investors. While there seems to be some bearish forecasts regarding Occidental, the market has previously undervalued the company. Occidental’s focus and investment on
Permian Basin are also delivering gains, while a strategic joint venture with Berkshire Hathaway also seeks to solve significant problems by extracting lithium. Despite criticism over their net-zero strategy, Occidental continues to demonstrate a clear-cost cutting strategy hinting at lucrative future profits. However, all these factors must be considered against occasional price declines and doubts about the health of Occidental's balance sheet.
Occidental Petroleum Corporation OXY News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sun, 16 Jun 2024 18:52:00 GMT -
Rating 4
- Innovation 3
- Information 8
- Rumor -3
