◆ NeutralOXYOXY.WSCVXAMZNGOOGGOOGL
This Buffett Oil Stock Is Quietly Outperforming Chevron Under Greg Abel. Is It Worth Buying Now?
The Motley Fool·
Occidental Petroleum has surged 36% since Greg Abel became Berkshire Hathaway's CEO in January, outperforming Chevron and the S&P 500. The rally was driven by U.S.-Iran tensions and crude oil price spikes. However, recent muted performance raises questions about sustainability. Future gains depend heavily on another crude oil price surge, particularly when China replenishes its strategic reserves, making Oxy a more volatile bet compared to Chevron's more stable outlook.
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