Warren Buffett Has $20 Billion Invested in This High-Yield Dividend Stock. Here's Why He Could Buy More Shares. [Yahoo! Finance]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
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Source: Yahoo! Finance
It appears that Buffett likes high-yield dividend stocks more than I thought, and there's one that the legendary investor seems to be more bullish about than any other: Chevron (NYSE: CVX) . Buffett has $20 billion invested in this high-yield dividend stock. Here's why he could buy more shares. Why Buffett likes Chevron Buffett only invests in a stock if he believes its valuation is attractive relative to its potential long-term earnings growth. If we had to identify one reason he likes Chevron, this would be it. The stock certainly appears to be valued attractively, based on its near-term earnings growth. Chevron's shares trade at less than 12.5 times expected earnings. That's much lower than the forward earnings multiple of 21 for the S&P 500 . It's also below the 13.1 multiple for the S&P 500 energy sector. However, these metrics only look 12 months into the future. Buffett prefers to project earnings growth for at least five years out. Based on the Oracle of Omaha's publi
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News
- At Berkshire Hathaway meeting, Warren Buffett to field questions on growth, dividend and succession [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- At Berkshire Hathaway meeting, Warren Buffett to field questions on growth, dividend and succession [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (OXY) Ascends But Remains Behind Market: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- Occidental Announces DividendGlobeNewswire
- Are You a Momentum Investor? This 1 Stock Could Be the Perfect Pick [Yahoo! Finance]Yahoo! Finance
OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form 8-K
- 3/21/24 - Form 4
- OXY's page on the SEC website