Is Occidental Petroleum Stock a Buy Now?
Occidental Petroleum (NYSE: OXY) has the backing of Warren Buffett's Berkshire Hathaway. But that alone isn't a reason to buy a stock, particularly one that operates in an industry known for volatility. All in, Occidental Petroleum (commonly known as Oxy) is an interesting mix of risk and reward. That will likely make it a buy right now for some investors and a stock that's best avoided for others.
Here's what you need to know.
Occidental Petroleum drills for oil and natural gas, which is known as the upstream segment of the broader energy sector. It moves oil and natural gas via energy infrastructure assets like pipelines, which is the midstream. And it processes oil and natural gas into other products in its chemical and refining operations, which is the downstream. Having exposure to all three of the main energy segments makes Oxy an integrated energy company.
Source Fool.com
Occidental Petroleum Corp. Stock
Currently there is a rather positive sentiment for Occidental Petroleum Corp. with 18 Buy predictions and 5 Sell predictions.
With a target price of 67 € there is a hugely positive potential of 73.87% for Occidental Petroleum Corp. compared to the current price of 38.54 €.
