$OXY
Added 2024-08-07 19:23:08 +0000 UTC$OXY also report after the close later today and the price is right back into the Buffett Buy Zone where he was buying for the whole of 2023, he also bought higher above $60 in June and July too.
You will need to assume that Buffett knows what he is doing.
Market Cap is now at $51 Billion, Buffett has enough Cash on hand to buy $OXY 5 times and still have some spare change.
I will be watching for margins in this report and how they plan to lower their debt and add cash to buy their proposed acquisition of another energy company.
I would not be surprised to hear additional information that will improve share holder value, something Buffett always looks for from management, either an increase in dividend, share buyback or acquiring.
