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$OXY uptrend is like a moonshot from the time Berkshire Hathaway averaged down in December. 🌙🚀
$OXY set some new HODs earlier this morning, pulled back a little, now setting more new HODs, some consecutive.
Long-term trend, from April 2023's 52-week high, is down. Short-term trend, from when Berkshire Hathaway averaged down a few weeks ago, is up.
$OXY
$OXY Warren Buffett has accumulated over 264 million shares and the stock is breaking out?
By: TrendSpider | January 5, 2025
• Warren Buffett has accumulated over 264 million shares and the stock is breaking out?
Probably worth watching. $OXY
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$OXY remains in a strong downtrend, with lower highs and lower lows. However, there's increasing buying pressure evident on the BX...
By: Peter DiCarlo | January 2, 2025
• $OXY remains in a strong downtrend, with lower highs and lower lows. However, there's increasing buying pressure evident on the BX.
Should the price break above this trend line and the BX continue to make higher highs, staying green, this might signal the beginning of a multi-month rally back up to $60.
We're still waiting for confirmation, so it's important to monitor this closely. This potential breakout could coincide with ongoing sell-offs in the S&P 500.
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$OXY Nice start to the day/month/year; pps is back above 50, previous support (still very early in the day, obviously).
Nice V formation as a result of the reversal from downtrend to uptrend thanks to BH's buy a couple weeks ago.
$OXY Nearing first weekly MACD cross in almost a year
By: TrendSpider | December 31, 2024
• Nearing first weekly MACD cross in almost a year. $OXY
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$OXY Uptrend intact, pps continuing to move up, despite the overall red in today's market.
Berkshire Hathaway purchases when there's blood in the streets and $OXY was definitely bleeding until last week when BH purchased more. Strong move up is continuing today.
I'm sure few of us are 100 percent with Mr. Buffett!!!
Berkshire Hathaway $BRK.B bought 19,792,770 shares of $OXY in 2024, worth a total value of over $703 million. Will his conviction pay off in 2025?...
By: TrendSpider | December 22, 2024
• Warren Buffett and Berkshire Hathaway $BRK.B bought 19,792,770 shares of $OXY in 2024, worth a total value of over $703 million.
Will his conviction pay off in 2025?
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Occidental Petroleum (OXY) Stock Pops on Buffett Stake
By: Schaeffer's Investment Research | December 20, 2024
• Berkshire Hathaway bought up additional Occidental Petroleum shares
• The shares are rebounding from two-year lows
Shares of Occidental Petroleum Corp (NYSE:OXY) are up 4.4% at $47.36 at last glance, after Warren Buffett's Berkshire Hathaway (BRK) bought an addition 8.9 million shares in the energy producer. This is just one of the conglomerate's moves to buy stocks on the dip after the recent selloff, and Occidental is Berkshire's sixth-largest equity holding.
OXY has moved lower since breaking below support at the $50 level earlier this month, and yesterday hit a two-year low of $45.17. The stock's "oversold" condition could contribute to a rebound, per its 14-day relative strength index (RSI) of 17.5. Since the start of the year, the equity is down 21.1%.
Options traders appear to be betting on an upside as well. So far today, OXY has seen 49,000 calls exchanged -- triple the amount typically seen at this point -- in comparison to 7,653 puts. The expiring December 47 call is the most popular, followed by the 46.50 call in the same series, with positions being opened at both.
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Berkshire Hathaway purchased more Occidental Petroleum shares:
Occidental Petroleum $OXY fell to its lowest price since March 2022. Can't believe Warren Buffett kept this but sold 2/3 of his Apple $AAPL
By: Barchart | December 16, 2024
• Occidental Petroleum
$OXY fell to its lowest price since March 2022. Can't believe Warren Buffett kept this but sold 2/3 of his Apple $AAPL.
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4th consecutive red day for Occidental Petroleum $OXY as it hits its lowest closing price since March 2022
By: Barchart | December 5, 2024
• 4th consecutive red day for Occidental Petroleum $OXY as it hits its lowest closing price since March 2022.
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$OXY trades below the danger zone and closes at its lowest price since March 2022
By: Barchart | December 4, 2024
• BREAKING: Occidental Petroleum
$OXY trades below the danger zone and closes at its lowest price since March 2022
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Occidental Petroleum $OXY hanging tough here
By: Barchart | November 14, 2024
• Occidental Petroleum $OXY hanging tough here.
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Occidental Petroleum posts EPS beat, Sales miss:
By: TrendSpider | November 12, 2024
• Occidental Petroleum posts EPS beat, Sales miss:
~EPS: $1.00 vs $0.74 est
~SALES: $7.15B vs $7.23B est
$OXY +0.64% in after hours
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I was traveling all last week. Back at it today and I see that $OXY has reclaimed 50 support.
$OXY Support at 50 being tested for the third consecutive day. Triple bottom going back to September.
Occidental Petroleum $OXY hovering at lowest price in more than 2.5 years and well below Warren Buffett's average entry
By: Barchart | October 29, 2024
• BREAKING: Occidental Petroleum
$OXY hovering at lowest price in more than 2.5 years and well below Warren Buffett's average entry.
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Double bottom failed.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=175289391
$OXY
Occidental Petroleum Corp (OXY) Stock Sliding After Israel's Attack on Iran
By: Schaeffer's Investment Research | October 28, 2024
• Disruptions to crude production are unlikely
• Israel spared Iran's crude production facilities
Oil prices are sliding on the heels of Israel's attack on Iran over the weekend. The former spared the latter's energy facilities, though, so disruptions to crude production are unlikely. Below, let's check in with both Occidental Petroleum Corp (NYSE:OXY) and APA Corp (NASDAQ:APA) to see how shares are responding to geopolitical tensions.
OXY was last seen down 1.3% to trade at $50.88, and earlier hit its lowest level in over one month. Shares gapped below the 20-day moving average after a rally earlier this month fell short of the $57 level. Fresh off their third-straight weekly loss, Occidental Petroleum stock is down 14.8% this year.
APA is also struggling, down 3.5% at $23.95 at last glance. The hydrocarbon exploration stock has support at the $23 level, but has failed to conquer the $28 level twice this month as it struggles with long-term pressure at the descending 60-day moving average. Over the last 12 months, APA shed 40.3%.
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$OXY Possible double bottom on the daily chart; last Thursday/Friday and yesterday/today.
Occidental Petroleum $OXY hovering near 2.5 year lows
By: Barchart | October 22, 2024
• Occidental Petroleum $OXY hovering near 2.5 year lows.
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$OXY Here's your chance to invest along with Uncle Warren
By: Cam Hui | October 18, 2024
• Here's your chance to invest along with Uncle Warren
$OXY
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I'd say that we are in very good company!
Buffett picked up a position in $OXY back in June at/around $60/share. I'm holding 21MAR25 60 calls; got in yesterday. There is a whale there who picked up nearly $4M of these calls a couple days ago, so I decided to "follow the money." Current pps is ~55, so Buffett's position is slightly red, atm. The whale followed Buffett and I followed the whale.
https://www.cnbc.com/2024/06/18/warren-buffett-buys-occidental-shares-for-9-straight-days-pushes-his-stake-to-nearly-29percent.html
Warren Buffett's $OXY position now sits at a massive 255 million shares, valued at over $13 billion
By: TrendSpider | September 29, 2024
• Warren Buffett's $OXY position now sits at a massive 255 million shares, valued at over $13 billion.
Will he step in here at the 200-Week SMA to buy more?
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Warren Buffet took a position here recently
Now or never for Occidental Petroleum $OXY
By: Barchart | August 22, 2024
• Now or never for Occidental Petroleum $OXY.
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Occidental Petroleum posts double beat for the quarter:
By: TrendSpider | August 7, 2024
• Occidental Petroleum posts double beat for the quarter:
~EPS: $1.03 vs $0.77 est
~SALES: $6.82B vs $6.80B est
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Occidental Petroleum $OXY forms a Death Cross (50D moving average crossing below the 200D)
By: Barchart | July 29, 2024
• Occidental Petroleum $OXY forms a Death Cross (50D moving average crossing below the 200D).
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Death Cross imminent for Occidental Petroleum $OXY
By: Barchart | July 26, 2024
• Death Cross imminent for Occidental Petroleum $OXY.
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