Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
sharewise is moving On the weekend of 22/23 August the new sharewise becomes the main site. Have a look now and tell us what you miss. Go to the new sharewise What changes
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Occidental Petroleum Rallied Today

TheMotleyFool 
0 0 12.03.26
Why Occidental Petroleum Rallied TodayPhoto, wide shot, wide-angle lens, Coal company, neutral atmosphere, photo by Galina Stepanova: https://img.theapi.app/temp/0e838f13-fa33-4583-92e9-bf3375dacf70.png
 

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.

Continue reading


Source Fool.com

Occidental Petroleum Corp. Stock

€49.96
-0.970%
The price for the Occidental Petroleum Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.490 (-0.970%).
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 32 Buy predictions and 15 Sell predictions.
With a current price of 49.96 € Occidental Petroleum Corp. is right around the predicted target price of 50 €.
Show more
Like: 0
OXY
Share

Comments

Not a member yet? Sign up for free!