Investment in Occidental Petroleum Corporation (OXY) has been gaining momentum, with multiple firms acquiring substantial shares. It's drawing increasing attention from investors due to a significant turn of events and promising valuations, particularly with new Russian oil sanctions making a compelling case for US producers. OXY has also outperformed the general market dip.
OXY recently sold its chemical division, OxyChem, to Berkshire Hathaway for $9.7 billion, stirring a mixed reaction. Concerns raised were mainly around the timing and sale price of the deal; however, the deal freed billions for OXY to boost its upstream projects. It also sparked rumors around Warren Buffett's influence given the 'Golden Cross Pattern' formed on OXY's stock.
There has been diverse reactions from financial institutions on OXY's stock performance. Despite price target adjustment from Piper Sandler and a fair value estimate reduction, Susquehanna increased OXY's price target to $55 and maintained a buy rating. Debt risk hangs as a cloud for OXY while the sale of OxyChem seems to have done more good for OXY than Berkshire.
Occidental Petroleum Corporation OXY News Analytics from Tue, 29 Apr 2025 07:00:00 GMT to Sat, 25 Oct 2025 14:43:51 GMT - Rating 7 - Innovation -7 - Information 9 - Rumor -5
