Berkshire Hathaway CEO Warren Buffett has steadily accumulated a 28% stake in Occidental Petroleum since early 2022, but has little to show for it. Barron’s believes that Berkshire is in the red on that holding, which totals 255 million shares now worth $13 billion. Occidental is one of Berkshire’s largest equity purchases in recent years.
Occidental (OXY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Occidental (OXY) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.