Warren Buffett's Investment Strategy - Warren Buffett made a significant purchase of 8 9 million Occidental Petroleum (OXY) shares at an average price of $45 99 between December 17 and December 19 [1] - The $409 million investment in OXY stock was notable for its timing as the shares were at their lowest point since February 2022 [2] - By January 17 Occidental Petroleum had risen 13 72% from the purchase price resulting in a $55 million gain for Buffett [3] Factors Influencing OXY Stock - The investment in OXY stock was influenced by the anticipated shutdown of Russian gas transit through Ukraine starting January 1 which increased the EU's reliance on American fossil fuels [5] - Potential US sanctions against Serbia's NIS Petrol due to its Russian Gazprom ownership structure also played a role in the investment decision [6] - The combination of the Ukrainian gas transit shutdown and sweeping sanctions in January led to a substantial increase in oil prices further boosting OXY stock [8] Broader Investment Trends - Buffett's OXY stock purchase was part of a larger investment spree following significant selling in Q4 2024 [10] - Other major investments during this period included a $90 million investment in VeriSign (VRSN) and a $107 million purchase of Sirius XM (SIRI) stock [11]

Investment Strategy - The analyst aims to build a low-risk passive income portfolio targeting an average annual return of ~12% with minimal risk, prioritizing consistency over volatility [1] - The analyst has 15 years of professional equity research experience, including work at a top Mayfair hedge fund, focusing on cash-generative companies in developed industries [1] - The investment approach is contrarian and risk-averse, with a focus on analyzing risk factors rather than growth opportunities [1] Oil Market Outlook - The oil market was expected to face challenges in 2025 due to rising production output and muted demand in China, but the balance is shifting [2] Analyst Background - The analyst holds a First Class Honors degree in Economics from the University of London and cites Warren Buffett and Howard Marks as favorite investors [1] - The analyst has a beneficial long position in OXY through stock ownership, options, or other derivatives [1]

Occidental Petroleum (OXY) closed the latest trading day at $52.70, indicating a +1.19% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.The the stock of oil and gas exploration and production company has risen by 11.86% in the past month, leading the Oils-Energy sector's loss of 7.35% and the S&P 500's loss of 3.31%.The investment community will be paying close attentio ...

Core Viewpoint - Occidental Petroleum experienced a significant decline in stock value in 2024, losing 17.3%, while the S&P 500 index gained 23% [1] Group 1: Stock Performance and Market Reaction - Despite Berkshire Hathaway's continuous share purchases, investor sentiment remained cautious due to rising debt and falling crude oil prices [2] - The stock suffered the most in the second half of 2024, coinciding with a major acquisition of CrownRock for nearly $12 billion, which included $1.2 billion of existing debt [3][4] - Investors were concerned that lower oil prices would negatively impact Occidental's financial performance and cash flows, especially with increasing interest expenses [4] Group 2: Financial Strategy and Future Outlook - Occidental set a target to reduce debt by $4.5 billion within a year of the CrownRock acquisition and achieved 90% of this goal within two months [5] - The company generated strong cash flows in the third quarter, bolstered by CrownRock's assets, and anticipates an addition of $1 billion in free cash flow at a WTI crude oil price of around $70 per barrel [6] - Production is increasing, and management is committed to further debt reduction in 2025, alongside investments in OxyChem and carbon capture and storage, which are expected to drive growth [7] - Occidental is likely to raise its dividend again in 2025, following a 22% increase in 2024, positioning the stock as a potential turnaround story [7]

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Warren Buffett went on a buying spree for shares of Occidental Petroleum (NYSE: OXY ) in 2024 and bought another 8.9 million shares of the energy company in December. The investor now owns approximately 28% of the Houston-based energy enterprise, whose shares have declinedI look for high-risk, high-reward situations, mainly in the technology markets. I am an early buyer of Bitcoin and my portfolio mainly focused on companies with asymmetric long-term upside. My top holdings include: Bitcoin, Tesla, Google, ...

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...

Investment Opportunity - The article highlights a rare opportunity to purchase a Warren Buffett stock, Occidental Petroleum, at a significant discount compared to Warren Buffett's own average cost [1] Analyst Disclosure - The author of the article holds a beneficial long position in Berkshire Hathaway (BRK B) through stock ownership, options, or other derivatives [1] - The article represents the author's personal opinions and is not influenced by any compensation or business relationships with the mentioned companies [1] Platform Disclosure - Seeking Alpha emphasizes that past performance does not guarantee future results and does not provide specific investment recommendations or advice [2] - The views expressed in the article may not reflect those of Seeking Alpha as a whole, and the platform is not a licensed securities dealer, broker, or investment adviser [2] - The analysts contributing to Seeking Alpha include both professional and individual investors who may not be licensed or certified by any regulatory body [2]

It's no secret that Warren Buffett isn't finding many stocks he likes enough to buy these days. The legendary investor has been a net seller of stocks for eight consecutive quarters, a streak dating back to late 2022.That doesn't mean Buffett hasn't been buying any stocks. He has chosen a select few that meet his stringent criteria. Which stock did Buffett buy in 2024 that he's most likely to buy again this quarter?Buffett's buys last yearThe most notable addition to Berkshire Hathaway's portfolio in the fi ...

Warren Buffett, the ‘Oracle of Omaha’, is one of the most famous investors of all time. The reputation is well-deserved — Buffet and his business, Berkshire Hathaway (NYSE: BRK.A) have managed to outperform the market on a consistent basis.However, those results don’t come from risky, short-term bets — instead, Buffett adopts a value investing approach, buying equity in businesses that have proven management and long-term competitive advantages.Throughout the course of 2024, Buffett and Berkshire Hathaway h ...