Oxy's $12 Billion Acquisition: Is Warren Buffett's Second-Favorite Oil Stock a Buy?
Occidental Petroleum (NYSE: OXY) recently agreed to a $12 billion deal to buy privately owned CrownRock. Soon after the deal, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) disclosed multiple Oxy stock buys, expanding its already-sizable ownership in the company. But is it really a good deal? In this video, Motley Fool contributors Jason Hall and Tyler Crowe break things down.
*Stock prices used were from the afternoon of Dec. 13, 2023. The video was published on Dec. 16, 2023.
Source Fool.com
Occidental Petroleum Corp. Stock
€60.49
-2.390%
The stock is one of the favorites of our community with 21 Buy predictions and 2 Sell predictions.
As a result the target price of 70 € shows a slightly positive potential of 15.72% compared to the current price of 60.49 € for Occidental Petroleum Corp..
