Occidental Petroleum: Why This Warren Buffett Stock Has A Lot More Upside

Oriental Trader1.74K FollowersFollow5ShareSavePlay(10min)CommentsSummaryOccidental Petroleum is well-positioned due to its largely US-based revenue, offering resilience amid global supply chain disruptions and geopolitical risks.OXY’s valuation remains moderate, with potential for significant earnings growth if oil prices stay elevated; at $80/bbl, P/E is about 11.Current share price near $62 is close to Warren Buffett’s entry level, with Berkshire Hathaway now owning 32% of OXY’s outstanding shares.Risks include oil price volatility and potential government interventions, but OXY’s domestic focus and reserve stability support a bullish long-term thesis. imaginima/E+ via Getty Images Occidental Petroleum (OXY) is a major oil and gas producer and one of Warren Buffett’s biggest investments in the past decade. OXY's stock performance has largely been flat in the past few years, which makes itThis article was written byOriental Trader1.74K FollowersFollowFocus on trying to piece together the big things (both at a macro and industry level) Twenty years in Asia (mainly China).Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.