Is Occidental Petroleum a Buy on the Dip?
The name Occidental Petroleum (NYSE: OXY) gets more attention than it used to, thanks to the involvement of Warren Buffett and Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), the company Buffett runs. Given the Oracle of Omaha's fame as an investor, some might buy Occidental Petroleum for this fact alone.
But you'll probably want to get a bit more of an understanding here, because Buffett also owns (NYSE: CVX), a far larger energy company. There's a lot to unpack.
Occidental Petroleum has a market cap of around $40 billion, which makes it a large company but a relatively small energy business. To put some perspective on that, ExxonMobil is an industry giant and has a market cap of roughly $450 billion. Chevron, for reference, has a market cap of around $300 billion.
Source Fool.com
Occidental Petroleum Corp. Stock
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 16 Buy predictions and 7 Sell predictions.
With a target price of 47 € there is a positive potential of 34.36% for Occidental Petroleum Corp. compared to the current price of 34.98 €.
