Occidental Petroleum Corporation (OXY) has been attracting noticeable investor attention as institutional ownership has consistently stayed above 52%. As per certain reports, even Warren Buffett continues to double down on OXY stocks. The energy company's stock, though, experienced a few fluctuations, even dipping at times alongside market growth. Yet, it sustained a hearty 34% compounded annual growth rate (CAGR) over the last three years. Demonstrating strong fundamentals, Occidental recently completed the acquisition of CrownRock and has also been exploring the sale of Western Midstream for $20 billion. The company's strategic moves have spurred speculations about it turning green and becoming the only oil stock to buy and hold long-term. Despite facing some criticism for its net-zero strategy, OXY remains committed to not repeating past mistakes, focussing on a diverse strategy that might just pay off. Incomes apart, the company's heavy debt, shrinking value, and CEO pay package have also been subjects of discussion.
Occidental Petroleum Corporation OXY News Analytics from Thu, 21 Dec 2023 08:00:00 GMT to Sun, 04 Aug 2024 14:38:31 GMT -
Rating -3
- Innovation 3
- Information 5
- Rumor 3
