From Nasdaq, Inc.: 2024-06-21 04:00:00

Occidental Petroleum (NYSE: OXY) stock has more than doubled in value over the past three years, thanks to a significant turnaround. After facing heavy debt post-acquisition of Anadarko Petroleum, the company aggressively repaid debt, grew cash flows, and raised dividends. Warren Buffett’s Berkshire Hathaway has a large stake in the company, and Occidental Petroleum is diversifying its energy portfolio. It’s set to acquire CrownRock for $12 billion to expand its footprint in the Permian Basin, potentially fueling the next phase of growth. Consider investing carefully, as there are other top stock picks with potential for significant returns.



Read more at Nasdaq, Inc.: If You’d Invested $10,000 in Occidental Petroleum Stock 3 Years Ago, Here’s How Much You’d Have Today