Occidental Petroleum Corporation (OXY) has recently been gaining attention from multiple parties. In the last two months, the OXY stock has outperformed its industry. Notably, there is a strong
institutional backing of 49%. Many noted investment groups, including Pallas Capital Advisors LLC, RFG Holdings Inc., Chemistry Wealth Management LLC, GAMMA Investing LLC and Vise Technologies Inc., have invested in or augmented their positions in the company. However, some like Generali Investments Management Co LLC and Man Group plc have trimmed their stakes. There has been speculation that OXY might also be of interest to billionaires, including
Warren Buffett and
Bruce Berkowitz, contributing to a bullish sentiment. While there are concerns over
leverage overshadowing growth, the company sees potential in carbon storage approved by EPA and Permian Basin Focus. Itβs working towards capturing a potential
$5 trillion Future Market Opportunity and has joined hands with ADNOC to develop Texas Direct Air Capture Hub. Despite some setbacks, most experts have an optimistic outlook on OXY shares.
Occidental Petroleum Corporation OXY News Analytics from Mon, 27 Jan 2025 08:00:00 GMT to Sat, 14 Jun 2025 18:19:52 GMT -
Rating 7
- Innovation 2
- Information 5
- Rumor 3