Warren Buffett Buys $35 Million Worth Occidental Petroleum (OXY) Stock

According to the latest SEC Form 4 filing, the ‘Oracle of Omaha’ Warren Buffett precocious purchased $35 cardinal worthy of Occidental Petroleum (OXY) stock. Warren Buffett’s concern arm, Berkshire Hathaway, picked up OXY astatine a terms of $46.81 connected February 7, 2025. The wide transaction is valued astatine $35,716,825, making it the largest acquisition of the banal this year.

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Source: SEC

He acquired 763,016 OXY shares and pursuing the purchase, Warren Buffett present holds an approximate 28.3% involvement successful the Occidental Petroleum stock. Overall, Berkshire Hathaway presently owns 264,941,431 shares of OXY making it the largest shareholder of the vigor company.

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Source: Google

Warren Buffett has ever been invested successful vigor and petroleum products for decades. Apart from owning the largest involvement successful Occidental Petroleum, helium besides owns Chevron stocks (CVX) worthy billions. Read here to cognize however precocious Chevron banal could surge successful the charts this twelvemonth successful 2025.

After Warren Buffett’s Investment, Should You Buy Occidental Petroleum (OXY) Stock?

Source: AFP

Ace capitalist Warren Buffett is already successful nett aft taking an introduction presumption successful Occidental Petroleum banal past week. OXY has surged to $47.83 connected Thursday and Berkshire Hathaway is astatine a nett of $1.02 per share. Therefore, his $35.7 cardinal concern has turned into $36.49 cardinal successful little than a week. His profits are nearing $1 cardinal and could surge further arsenic OXY accelerates successful the price.

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Source: Fintel

Investment probe level Fintel has fixed retired a bullish terms prediction for Occidental Petroleum stock. According to the terms prediction, OXY could scope a precocious of $62.50 successful the adjacent 12 months. That’s an uptick and instrumentality connected concern (ROI) of astir 30% from its existent terms of $46.

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Therefore, an concern of $10,000 successful OXY could crook into $13,000 successful January 2026 if the forecast turns retired to beryllium accurate. Even Warren Buffett’s caller concern successful OXY banal could balloon to $46.41 million, with much than $10 cardinal successful profits successful a year.