Why Occidental Petroleum Rallied Today
Shares of Occidental Petroleum (NYSE: OXY) rallied 5.1% on Thursday.
Occidental is one of Warren Buffett's two favorite oil and gas companies and Berkshire Hathaway's (NYSE: BRKA) (NYSE: BRKB) seventh-largest overall public equity position.
Days like today explain why Buffett likes Occidental's strategic positioning so much. If global oil supplies are cut off in geopolitically fraught geographies overseas, Occidental's deep, low-cost inventory in the Permian Basin becomes a very valuable asset.
Source Fool.com
Occidental Petroleum Corp. Aktie
46,94 €
-4,88 %
Die Occidental Petroleum Corp. Aktie steht recht gut da: Mehr Buy- als Sell-Einschätzungen in der Community.
Obwohl das Kursziel von 46 € für Occidental Petroleum Corp. niedriger als 46.94 € ist, ergibt sich ein negatives Potenzial von -2.0%.
