We Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.
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We Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.
"The shares traded at $45.47 on March 3, 2025. It closed at $53.68 on March 3, 2026, an 18.07% gain over 12 months. That return came despite benchmark West Texas Intermediate (WTI) crude falling from $71.53 in February 2025 to $57.97 at its December 2025 low - a punishing commodity backdrop that Occidental navigated through operational discipline rather than price tailwinds."
"The company beat EPS estimates in every quarter of 2025. Q3 2025 delivered the most impressive beat at 29.90%, with adjusted EPS of $0.64 against a $0.4927 consensus. Full-year FY2025 EPS came in at $2.21 on revenue of $22.4 billion, with operating cash flow of $11.7 billion."
"The transformative move was the sale of OxyChem to Berkshire Hathaway, which closed January 2, 2026, and enabled $5.8 billion in debt reduction, bringing principal debt to $15 billion. CEO Vicki Hollub framed it plainly on the Q4 earnings call: 'The portfolio we have today is the strongest Oxy's ever had.'"
Occidental Petroleum shares gained 18.07% over the past year, rising from $45.47 to $53.68, despite West Texas Intermediate crude falling from $71.53 to $57.97. The company beat EPS estimates every quarter in 2025, with Q3 delivering a 29.90% beat. Full-year FY2025 results showed EPS of $2.21 on $22.4 billion revenue and $11.7 billion operating cash flow. The transformative OxyChem sale to Berkshire Hathaway closed January 2, 2026, enabling $5.8 billion in debt reduction and bringing total debt to $15 billion. CEO Vicki Hollub stated the portfolio is the strongest in company history. Recent geopolitical tensions provided additional upside momentum.
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