Follow Warren Buffett’s Lead and Invest in Occidental Petroleum With Dollar-Cost Averaging

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Investing in Occidental Petroleum ($NYSE:OXY) (OXY) is a great way to follow in the footsteps of legendary investor Warren Buffett. By dollar-cost averaging your way into an OXY position, you can potentially achieve success in the long run. OXY is one of the leading integrated oil and gas companies in the world, with operations in the US, Latin America, Africa, Middle East and North Sea. Its diverse portfolio of upstream, midstream, and downstream activities includes exploration and production, transportation, storage and marketing of oil and gas.

OXY also produces natural gas and electricity, as well as chemicals, carbon dioxide and other natural gas-based products. With a strong portfolio of assets and a long-term commitment to sustainable development, OXY is well-positioned to continue to meet our energy needs into the future. Investing in OXY provides a great opportunity for investors looking for growth and value.

Share Price

Investing in Occidental Petroleum is a great long-term play according to Warren Buffett, and it can be a smart move to invest in the company through a dollar-cost averaging strategy. On Tuesday, OCCIDENTAL PETROLEUM stock opened at $59.9 and closed at $60.1, up by 0.3% from last closing price of 59.9. This means that investors can buy the stock at a relatively low price.

Investing in the company through dollar-cost averaging will allow investors to take advantage of the low price and spread out their investment over time. This approach can help to reduce risk and ensure a steady return on investment. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Occidental Petroleum. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Occidental Petroleum. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Occidental Petroleum. More…

Key Ratios Snapshot

Some of the financial key ratios for Occidental Petroleum are shown below. More…

Analysis

GoodWhale has conducted an analysis of Occidental Petroleum‘s financials, and based on our Star Chart, we have concluded that the company has a high health score of 8/10 with regard to its cashflows and debt. This indicates that it is capable of both paying off debt and funding future operations. Additionally, we categorize Occidental Petroleum as a ‘rhino’ type of company, which we find has achieved moderate revenue or earnings growth. As such, investors who are looking for steady income from dividends may be interested in Occidental Petroleum and its strong dividend performance. Additionally, those who are looking for mid-range growth, profitability, and asset performance may also be attracted to Occidental Petroleum. More…

Peers

Occidental Petroleum Corp’s main competitors are ConocoPhillips, Laredo Petroleum Inc, Murphy Oil Corp. All four companies are engaged in the exploration, production, and development of oil and gas properties. Occidental Petroleum Corp has a market capitalization of $53.74 billion, while ConocoPhillips has a market capitalization of $73.51 billion. Laredo Petroleum Inc has a market capitalization of $4.21 billion, and Murphy Oil Corp has a market capitalization of $10.21 billion.

– ConocoPhillips ($NYSE:COP)

ConocoPhillips is an American multinational energy corporation with operations in 17 countries. Headquartered in Houston, Texas, the company is engaged in the exploration, production, marketing, and transportation of crude oil and natural gas. As of December 31, 2019, ConocoPhillips had proved reserves of 8.4 billion barrels of oil equivalent. The company’s ROE for 2019 was 30.9%.

– Laredo Petroleum Inc ($NYSE:LPI)

Laredo Petroleum Inc is an independent oil and gas company with operations in the Permian Basin of West Texas. The company has a market capitalization of $1.03 billion as of 2022 and a return on equity of 75.14%. Laredo Petroleum is engaged in the exploration, development, and production of oil and gas properties. The company’s operations are primarily focused in the Permian Basin, which is one of the most active and prolific oil and gas producing regions in the United States. Laredo Petroleum has a diversified portfolio of properties and holds interests in approximately 1.6 million acres in the Permian Basin. The company’s production is currently focused on the Wolfcamp and Bone Spring plays in the Permian Basin.

– Murphy Oil Corp ($NYSE:MUR)

Murphy Oil Corporation is an American oil and gas company headquartered in Houston, Texas. The company was founded in 1950 and is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation has operations in the United States, Canada, Malaysia, and the United Kingdom.

Murphy Oil Corporation has a market cap of $7.03 billion as of March 2022 and a return on equity of 15.81%. The company is engaged in the exploration, production, transportation, and sale of crude oil, natural gas, and natural gas liquids. Murphy Oil Corporation has operations in the United States, Canada, Malaysia, and the United Kingdom.

Summary

Investing analysis suggests that it can be a great addition to any portfolio, especially for long-term investors. One strategy to consider is following in Warren Buffett’s footsteps and ‘dollar-cost averaging’ – buying a fixed dollar amount of shares at regular intervals, regardless of the stock price. This approach allows investors to benefit from fluctuations in the price of the stock over time and can also help to reduce risk, as it reduces the chance of buying at peak prices. Furthermore, the company has recently undertaken a number of cost-cutting measures and profitability initiatives which should help to boost its bottom line.