10 Stocks Insiders Spent The Most Money On Recently

3. Occidental Petroleum Corporation (NYSE:OXY)

Value Of Shares Acquired: $200,511,700.49

Market Cap: $45.83 billion

The third stock among the 10 with the highest insider investment recently is Occidental Petroleum. The company is focused on hydrocarbon exploration in the U.S. and the Middle East, and petrochemical manufacturing in the U.S., Canada, and Chile. Last year, the company significantly expanded its footprint in the Permian and Midland basins with the $12 billion acquisition of Crown Rock. This is also one of the 11 Best Natural Gas Stocks To Buy Now.

Over the last 60 days, one insider – Warren Buffett’s Berkshire Hathway Inc bought $200.51 million worth of Occidental Petroleum shares, at an average price of $46.23 per share. The stock is now trading at $48.84 per share, having declined 1.15% year-to-date. Over the past 12 months, the stock dropped 18%. With its latest purchase, Berkshire Hathway increased its holdings to 264,941,431 shares.

The company recently announced it has achieved its near-term debt repayment target of $4.5 billion in the fourth quarter of 2024. Furthermore, in the first quarter of 2025, Occidental Petroleum also signed two agreements to divest upstream assets to undisclosed buyers for a combined total of $1.2 billion.

For the fourth quarter of 2024, the company reported a net loss attributable to common stockholders of $297 million, or $0.32 per diluted share, and adjusted income attributable to common stockholders of $792 million, or $0.80 per diluted share, for the fourth quarter of 2024.