This Top Warren Buffett Stock Should See a Big Earnings Boost by 2026
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), owns lots of stocks. Occidental Petroleum (NYSE: OXY) ranks among its top holdings. It's currently Berkshire's sixth largest holding at 4.2% of its investment portfolio. Warren Buffett's company owns 28% of Occidental's outstanding shares and has regulatory approval to boost the position up to 50%.
Buffett sees Occidental as a potential "forever" holding, and his company should benefit from the earnings growth the oil stock sees ahead. Multiple catalysts could boost its free cash flow by more than $2 billion annually by the second half of 2026.
The biggest near-term earnings catalyst for Occidental is its pending acquisition of CrownRock. Last December, the company agreed to acquire the privately held oil company for $12 billion. The deal will enhance its already strong position in the Permian Basin.
Source Fool.com
Occidental Petroleum Corp. Stock
We see a rather positive sentiment for Occidental Petroleum Corp. with 18 Buy predictions and 2 Sell predictions.
As a result the target price of 68 € shows a positive potential of 21.62% compared to the current price of 55.91 € for Occidental Petroleum Corp..
