In the recent market meltdown, legendary investor Warren Buffett has been on a shopping spree. One sector that seems to be of primary focus for Buffett is the oil and gas exploration sector. After increasing stake in Chevron Corporation (CVX), Buffett has been busy mopping-up shares of Occidental Petroleum (OXY). While it makes sense to follow big investors, that’s not the only reason for me being bullish on OXY stock. I believe that the stock is positioned to create long-term value for investors. It’s worth noting that Occidental stock touched highs of $74.40 in May 2022.
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Occidental Petroleum (NYSE:OXY)
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Occidental Petroleum (NYSE:OXY)
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De Set 2021 até Set 2022 Click aqui para mais gráficos Occidental Petroleum.