Occidental Petroleum Aktie News

I was quite surprised to hear that Mad Money host Jim Cramer wasn't too upbeat on shares of Occidental Petroleum (NYSE:OXY) during his show's Lightning Round segment recently.

I've often warned people not to blindly copy anyone else's investing moves, and I stick by that advice, as each of us has different investing goals, timelines, risk tolerances, and so on. It's not crazy, however, to at least look at what some smart investors are buying (or selling) to see if any companies pique your interest.

Warren Buffett has long held Occidental Petroleum (OXY -7.16%) and its CEO, Vicki Hollub, in high regard. His trust in Hollub led Buffett's company to invest heavily in Occidental.

Occidental Petroleum benefits from Berkshire Hathaway's $9.7B OxyChem deal, enabling significant debt reduction and a sharper oil and gas focus. OXY will use proceeds to repay $6.5B in long-term debt, lowering interest expenses and achieving its sub-$15B debt target to accelerate shareholder returns. Despite weaker oil prices, OXY maintains stable quarterly financials, and a leaner balance shee...

Berkshire's $9.7 billion buy of Occidental's petrochemicals business will allow the company to reduce debt and focus on fossil fuels.

Occidental Petroleum will be in a better position to invest in its core oil and gas business after divesting a chemicals unit and will be able to replace the lost cash flow from the division in about two and a half years, CEO Vicki Hollub told Reuters in an interview on Thursday.

Shares of a data analytics firm took off after the company said it would provide its consumer credit scores directly to firms that give credit reports to mortgage lenders. The move pressured the credit bureaus that also evaluate potential borrowers.