Is Occidental Petroleum Stock a Buy Now?
Occidental Petroleum (NYSE: OXY) has the backing of Warren Buffett's Berkshire Hathaway. But that alone isn't a reason to buy a stock, particularly one that operates in an industry known for volatility. All in, Occidental Petroleum (commonly known as Oxy) is an interesting mix of risk and reward. That will likely make it a buy right now for some investors and a stock that's best avoided for others.
Here's what you need to know.
Occidental Petroleum drills for oil and natural gas, which is known as the upstream segment of the broader energy sector. It moves oil and natural gas via energy infrastructure assets like pipelines, which is the midstream. And it processes oil and natural gas into other products in its chemical and refining operations, which is the downstream. Having exposure to all three of the main energy segments makes Oxy an integrated energy company.
Source Fool.com
Occidental Petroleum Corp. Stock
Our community is currently high on Occidental Petroleum Corp. with 24 Buy predictions and 15 Sell predictions.
At the moment Occidental Petroleum Corp. has reached the predicted target price of 46 €, with a current price of 45.7 €.
