With energy prices falling over the last year, including a 14.3% drop in West Texas Intermediate crude oil, investors might want to consider the oil sector. They can invest in companies like Occidental Petroleum (NYSE: OXY) and ConocoPhillips (NYSE: COP), which offer forward dividend yields of 2.1% and 3.5%, respectively, as well as Devon Energy (NYSE: DVN) with a 2.8% yield. Berkshire Hathaway first bought shares in this integrated energy company in 2019, and it is now the sixth-largest investment in their portfolio.
Occidental Petroleum (NYSE: OXY) has been struggling, even though it recently reported strong earnings. An analyst has lowered his recommendation for the stock and reduced his price target. Before the market opened on Monday, Raymond James analyst John Freeman changed his rating for Occidental from "strong buy" to "outperform," which means he still thinks it's a good investment.
Vicki Hollub, the CEO of Occidental Petroleum Corp, stated on Tuesday at the CERAWeek conference in Houston, Texas, that U.S. oil production is expected to reach its highest point between 2027 and 2030.
The year 2025, which is still quite new, has not been very favorable for oil stocks, with many of them declining since January 1st. Occidental Petroleum (OXY -1.06%), a key player in the sector, is among those struggling, even though it recently reported strong earnings that exceeded expectations.
Occidental (OXY) has recently caught the attention of Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
In early 2025, the stock is facing challenges due to rising global oil supplies and inventories, along with lower oil prices compared to last year. However, the long-term forecast is still positive.
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What stock has Warren Buffett purchased the most in recent years? That's a simple question.
Warren Buffett is frequently regarded as the best investor in the world.
Investors are drawn to Berkshire Hathaway, led by Warren Buffett, for insights and investment opportunities in the stock market. Recently, the company has gained attention for outperforming many large growth stocks this year, while its cash reserves reached a record $325 billion. In the fourth quarter of 2024, investors saw Berkshire's stock activity, which included a new investment in Constellation Brands and more shares of Occidental Petroleum.