Occidental Petroleum's stock rose over 50% in the past year, driven by higher oil prices and improving fundamentals amid geopolitical tensions. Warren Buffett's Berkshire Hathaway holds a 26.9% stake and recently acquired Occidental's OxyChem business, enhancing the company's financial flexibility. Occidental reported $2.8 billion net income in Q2 2026, strong cash flow, and reduced debt by $1.9 billion, nearing its $10 billion target. Risks remain from oil price volatility and operational challenges, but the company's focus on cash generation and debt reduction supports its investment appeal.
Following Warren Buffett's increased involvement in Occidental Petroleum, the stock is trading at USD 62.38 on Pluang as of Oct 18, 2026 21:21 WIB, up 2.82% for the day. Despite the recent gains, Pluang users are currently 100% selling Occidental shares. Berkshire Hathaway's Class B shares are also up 1.16% at USD 532.06, with a more balanced order activity of 59% sell and 41% buy as of the same time.
