The Latest Breaking News from Occidental Petroleum

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

Occidental Petroleum is an oil and gas stock that is also part of Warren Buffett's equity portfolio. Trading at a cheap valuation, is OXY a good stock to own right now?

The S&P 500 Index ($SPX ) (SPY ) today is up +0.92%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.37%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.50%. US stocks today are moderately higher, with the S&P 500 and Nasdaq 100 posting...

The S&P 500 Index ($SPX ) (SPY ) today is up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.51%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.14%. US stocks today are moving higher, with the S&P 500 and Nasdaq 100 posting...

Despite Occidental Petroleum underperforming the broader market over the past year, analysts remain moderately bullish on the stock’s potential.

Occidental Petroleum stock has dropped 20% since hitting highs in April.

Billionaire investor Warren Buffett has been heavily investing in energy stocks in recent years as the companies accelerate innovation of low-carbon technologies.

Occidental Petroleum has recently underperformed the Dow Jones, and Wall Street analysts anticipate a moderate upside for the stock.

Occidental Petroleum's grand ambitions of low-carbon energy transition caught Warren Buffett's attention. Berkshire Hathaway holds almost 29% stake in the energy firm.