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Why Buffett Will Likely Not Buy OXY . . . Today

Why Buffett Will Likely Not Buy OXY . . . Today

March 17, 2022

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Open Insights
Mar 17, 2022
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Why Buffett Will Likely Not Buy OXY . . . Today
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Update on Occidental Petroleum (OXY)

Two weeks ago we wrote an article, updating our thoughts on Occidental Petroleum’s (“OXY”) Q4 results and our thoughts about the company in 2022.  At the time, OXY’s stock was trading at $48/share, and we projected the company would generate close to $15-16B in free cash flow as oil prices had climbed to $100/barrel.  So this was a $45B company by market cap, generating +30% FCF/Market Cap return. An astounding return in this market.

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