In its upcoming report, Occidental Petroleum (OXY) is predicted by Wall Street analysts to post quarterly earnings of $0.67 per share, reflecting a decline of 9.5% compared to the same period last year. Revenues are forecasted to be $7.14 billion, representing a year-over-year decrease of 5.2%.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 22.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections d ...

Core Insights - Berkshire Hathaway purchased 763,017 shares of Occidental Petroleum for $35.7 million, increasing its stake to 28.2% [1][3] - Berkshire holds warrants to buy an additional 83.9 million shares at $59.62 each, totaling approximately $5 billion, following its support for Occidental's acquisition of Anadarko Petroleum in 2019 [2] - Despite increasing its investment, Berkshire does not intend to take control of Occidental Petroleum [2][3] Stock Performance - Occidental shares fell 1.7% to $47.82 and have decreased by about 17% over the past year [3]

Taking a page from an expert’s book is often a wise decision — and if anyone can be called an expert when it comes to investing, it’s Warren Buffett.The chairman and chief executive officer (CEO) of Berkshire Hathaway (NYSE: BRK.B) is in rare company when it comes to picking stocks — as he has a long history of outperforming the market. However, the ‘Oracle of Omaha’ didn’t accomplish this feat through risky trades, complex derivatives, or timing the market.Instead, Buffett’s approach relies on value invest ...

Ecopetrol S.A. (EC) , a Colombian state-owned energy firm, has announced an extension of the development plan of Rodeo Midland Basin LLC with its joint-venture partner Occidental Petroleum (OXY) . Per Reuters, the two companies have agreed to renew their joint venture (JV), which was first established in July 2019.The JV’s future seemed uncertain when Ecopetrol stepped out of a different deal to acquire certain assets owned by Occidental for $3.6 billion, in August 2024. The assets were located within the P ...

Core Insights - Warren Buffett's investment strategy focuses on acquiring high-quality businesses, with recent significant purchases in Occidental Petroleum, Sirius XM, and VeriSign [3][4][15] - Berkshire Hathaway has built substantial stakes in these companies, with Occidental Petroleum being a standout due to its dominant position in the Permian Basin and its opportunistic acquisition strategy [4][5][10] - VeriSign is highlighted as a "wonderful business" with a strong monopoly on .com and .net domain registrations, showing impressive revenue and earnings growth potential despite its higher valuation [9][14][17] Group 1: Berkshire Hathaway's Recent Purchases - Buffett's recent investments include 8.9 million shares of Occidental Petroleum for $409 million, 5 million shares of Sirius XM for $107 million, and 474,000 shares of VeriSign for $94 million [10] - Berkshire Hathaway now owns 28.2% of Occidental Petroleum and 34.6% of Sirius XM, indicating a strong commitment to these positions [5][6] - The investment in Occidental Petroleum has been strategic, with Buffett purchasing shares when prices are favorable compared to the warrants attached to preferred shares [5] Group 2: Occidental Petroleum - Occidental Petroleum has been a key focus for Buffett since his initial $10 billion investment in preferred shares in 2019, which facilitated the acquisition of Anadarko [4] - The company benefits from low-cost oil production in the Permian Basin, but its stock performance is closely tied to fluctuations in oil prices [4][5] - The investment strategy has been opportunistic, with Buffett capitalizing on price dips to increase his stake [5] Group 3: Sirius XM - Berkshire's stake in Sirius XM was primarily acquired through Liberty SiriusXM tracking stock, which traded at a discount [6] - The company continues to grow its position in Sirius XM, reflecting confidence in its long-term prospects despite challenges in the streaming market [6][16] Group 4: VeriSign - VeriSign holds exclusive rights to .com and .net domain registrations, with contracts that allow for annual price increases of 7% and 10% respectively [9][12] - The company has demonstrated strong operating leverage, with net earnings growing 146% over the past decade alongside 51% revenue growth [13] - Despite a higher valuation at nearly 25 times forward earnings estimates, the potential for double-digit EPS growth makes it an attractive investment [17]

Occidental Petroleum Corp (NYSE: OXY), a favorite of Warren Buffett’s Berkshire Hathaway (NYSE: BRK.A), continues to record losses even as the billionaire maintains confidence in the company.OXY has taken another hit after the equity fell to its lowest since December 2024. The stock closed at $46.65 on January 31, down 4.64% on the day, marking a significant retreat from recent highs when OXY attempted to hold above the $50 mark. OXY stock price chart. Source: BarchartThe stock’s price has been volatile ove ...

Now you can get access to the latest and highest-quality analysis of recent Wall Street buying and selling ideas with just one subscription to Beyond the Wall Investing ! There is a free trial and a special discount of 10% for you. Join us today!It's always frustrating to see a stock you believe in constantly underperforming the broader market. This is exactly my feeling when I look at my coverage history of Occidental Petroleum CorporationDaniel Sereda is chief investment analyst at a family office whose i ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Occidental Petroleum (OXY) , which belongs to the Zacks Oil and Gas - Integrated - United States industry, could be a great candidate to consider.This oil and gas exploration and production company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters wa ...

Warren Buffett's Investment Strategy - Warren Buffett's investment strategy focuses on buying quality companies at the right price and holding them for the long term, avoiding panic-selling during market downturns and not chasing hot stocks during market highs [1] - This strategy has enabled Berkshire Hathaway to achieve a compounded annual gain of over 19% over 58 years, significantly outperforming the S&P 500's 10% increase [2] Recent Market Behavior and Buffett's Actions - Despite the S&P 500, Dow Jones Industrial Average, and Nasdaq posting double-digit increases last year, Buffett has been a net seller of stocks, with Berkshire Hathaway's cash reaching record levels [3] - Buffett has criticized the market's "casino-like behavior" in his latest shareholder letter, indicating a cautious approach [3] Buffett's Recent Stock Purchases - Buffett invested $610 million in three stocks over a two-week period: Occidental Petroleum ($409 million), Sirius XM Holdings ($107 million), and VeriSign ($93 million) [5][6] - These purchases were additions to existing positions in Berkshire Hathaway's portfolio, reflecting Buffett's confidence in these companies at their current valuations [7] Implications for Investors - Buffett's recent stock purchases do not signal a broader market direction but rather his belief in the specific companies' earnings potential and valuation [8] - Investors can take a cue from Buffett's approach by focusing on valuation and long-term business prospects rather than short-term market movements [9] - Buffett's actions suggest that quality stocks can be found regardless of market conditions, offering opportunities for investors to build wealth over time [10]

Occidental Petroleum Corporation (OXY) is trading above its 50-day simple moving average (SMA), signaling a bullish trend. The company is gaining from its focus on the Permian Basin and contribution from acquired assets.The company operates in a very competitive industry, but Occidental, being a low-cost operator and possessing high-quality assets in different locations across the globe, has a competitive advantage over its peers.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.OXY’s ...