Occidental Petroleum is an international oil and gas exploration and production company that focuses on the development of hydrocarbon resources
With operations spanning various regions around the globe, Occidental engages in the extraction of oil and natural gas, and is also involved in the chemical manufacturing sector, producing products used in a variety of industries. The company emphasizes sustainable practices and innovation in its operations, aiming to enhance environmental stewardship while delivering energy solutions to meet global demands.
The Oracle of Omaha scooped up shares of three stocks -- including two legal monopolies -- and dumped close to $1.3 billion worth of another during the December-ended quarter.
Ecopetrol and Oxy plan to extend development in Permian Basin, including 34 wells to be drilled between April 2025 and June 2026, with possibility of future extension.
Goldman Sachs downgrades MGY and OXY, reinstates coverage on EXE. MGY's outperformance reflected in current stock price, OXY's leverage a concern. EXE receives Buy rating with potential 18% upside.
Call option traders decided to invest in these three stocks, all backed by fundamental tailwinds that justified such actions and their upside potential.
There's something to be said for active management; if I had just sort of crossed my arms and let the Sling and Arrows of Outrageous Fortune come along, it would have been bad. As it is, my 13 bearish positions are holding up nicely.
As the price of oil has dipped recently, investors are left wondering whether there are any value opportunities in the space. It turns out there are three.
Analysts have decided to support this manufacturing stock's case for good, as it combines the industrial and energy upside for 2025, called for by Goldman.
