Occidental Petroleum Corp, a prominent player in the energy sector, has recently garnered attention due to Berkshire Hathaway’s strategic investment. Based in Houston, Texas, Occidental specializes in the exploration, development, production, and marketing of crude oil and natural gas. The company also extends its operations to the manufacturing and marketing of basic chemicals, vinyls, and performance chemicals. Its comprehensive portfolio includes the gathering, treating, processing, transporting, storing, trading, and marketing of crude oil, natural gas, NGLs, condensate, and carbon dioxide (CO2). Additionally, Occidental is involved in power generation and marketing.
As of September 27, 2026, Occidental’s stock closed at $56.1 on the New York Stock Exchange, where it is publicly traded. The company’s market capitalization stands at $56.84 billion. Over the past year, the stock has experienced fluctuations, reaching a 52-week high of $67.45 on March 30, 2026, and a low of $38.8 on December 15, 2025. The price-to-earnings ratio is currently 16.73, reflecting investor sentiment and market valuation.
Berkshire Hathaway’s investment in Occidental is part of a broader strategy that emphasizes a balanced exposure to energy assets while selectively engaging with other sectors. This move highlights Berkshire’s commitment to maintaining significant holdings in key oil majors, despite reducing its stake in Chevron. Concurrently, Berkshire has increased its investment in Delta Air Lines, showcasing confidence in airlines capable of managing fuel-price volatility through internal refining capabilities.
This strategic shift underscores Berkshire’s focus on quality within the energy market. By holding substantial value in Occidental, Berkshire aligns its portfolio with evolving commodity dynamics and corporate resilience. This approach reflects a nuanced understanding of the energy sector’s complexities and the importance of strategic investments in maintaining long-term value.
For more information, Occidental Petroleum Corp’s official website can be accessed at www.oxy.com .
