Occidental Petroleum (OXY) Stock

Occidental Petroleum Corp (NYSE: OXY), which is popular with Warren Buffett's Berkshire Hathaway (NYSE: BRK.A), is still facing losses, but the billionaire remains optimistic about the company.

At the end of the last trading day, Occidental Petroleum (OXY) was priced at $49.56, which represents a 0.55% increase compared to the day before.

Occidental (OXY) has been getting a lot of interest from users on Zacks.com recently. As a result, it's important to understand the factors that could affect the stock's future.

Last year was a fairly stable time for the oil market. Experts predict that geopolitical issues involving Russia and Iran could lead to higher crude oil prices. Many investors probably prefer to include just one oil company in their investment portfolio.

Occidental (OXY) has a strong track record of surprising with its earnings and currently has the right mix of factors that suggest it may exceed expectations in its upcoming quarterly report.

Occidental Petroleum (OXY) finished the most recent trading session at $50.20, which is a decrease of 0.69% compared to the previous day.

Investors frequently seek guidance from Warren Buffett because he has shown that he can succeed in various market conditions, whether they are booming or struggling. He avoids hastily purchasing popular stocks when the market is high and doesn't sell in a panic when times are tough.

OXY faces changes in commodity prices, but investors can still feel confident in their investment due to its solid position in the Permian Basin and the benefits from its acquired assets.

Warren Buffett is famous for being a successful investor who believes in getting rich slowly. However, he has also made several trades that were very well-timed and quickly gained value.