Category: Occidental
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Occidental Petroleum Corporatio (OXY) Stock Forecasts
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summary Small investors seem to like what they see and have proven this by relying more heavily on call options versus put options. The CBOE’s five-day equity-only call/call (P/C) ratio fell to 0.51 at the end of September, the lowest reading since July 2023 when it fell to 0.48. That…
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Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
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Occidental Petroleum shares have fallen 29% since mid-April, weighing on Warren Buffett’s stake in the company. This decline is in line with a 23% drop in crude oil prices due to concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, according to…
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Occidental stock hits 52-week low at $55.04 amid market shifts By Investing.com
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Occidental Petroleum Corporation (NYSE:) shares touched a 52-week low, falling to $55.04, as investors navigate the complex energy market landscape. The drop represents a significant turnaround from the company’s performance over the past year, when Occidental’s stock saw a one-year change of -16.71%. The decline reflects broader industry trends and…
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U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Trade Commission is investigating executives from major oil companies, including Hess Company U.S. energy companies Occidental Petroleum Corp. (NYSE:O) and Diamondback Energy Inc. (NASDAQ:D) will be investigated over their contacts with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. The…
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Warren Buffett Has Bought Shares of This Stock for 23 Consecutive Quarters — and It’s Not Chevron or Occidental Petroleum
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For nearly 60 years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRC.B) CEO Warren Buffett An offer has been made to Wall Street. Since he became CEO in 1965, the standard Standard & Poor’s 500 By more than 35,000%, including dividends paid. In comparison, the so-called “Oracle of Omaha” has overseen total gains…
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Warren Buffett buys oil stock Occidental, signaling Berkshire Hathaway’s bigger strategy
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The Oracle of Omaha has its sights set on the oil industry. Berkshire Hathaway, the holding company run by investment titan Warren Buffett, has increased its stake in Houston-based Occidental Petroleum, purchasing shares over the past nine trading days to bring its holdings to nearly 29% of the company, according…