We Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.

We Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.

Quick Read Occidental Petroleum (OXY) rose 18.07% to $53.68, beat Q3 EPS by 29.90%, posted FY2025 EPS of $2.21, sold OxyChem to Berkshire Hathaway (BRK.B) for $5.8B debt reduction, surged 6% on Iran tensions, trades above the $51.88 consensus. Occidental navigated falling oil prices through operational discipline, beating earnings estimates every quarter and completing a transformative OxyChem sale that reduced debt by $5.8B. Finally! You can…

Why Occidental Petroleum Stock Jumped on Monday

Key PointsFlare-ups in the Middle East often push oil prices upward.Since price is always a factor in Occidental's performance, investors bought into the stock.10 stocks we like better than Occidental Petroleum › The price of oil is subject to many factors, and it can rise precipitously in times of emergency or stress. The start of the war with Iran is one of those times; with concern growing that the conflict will lead to a leap in prices, inve…

Occidental Petroleum stock rises as oil jumps; OXY traders eye payrolls and Middle East risk

Occidental Petroleum shares rose 2.4% to $54.35 in New York as WTI crude jumped 6.5% and Brent climbed 7.5% on supply concerns. Energy stocks outperformed while broader markets eyed Friday’s U.S. jobs report for signals on inflation and rate expectations. The post Occidental Petroleum stock rises as oil jumps; OXY traders eye payrolls and Middle East risk appeared first on TechStock².