10 Stocks With At Least $30 Million In Insider Spending Recently

3. Occidental Petroleum Corporation (NYSE:OXY)

Highest Individual Purchase: $153,594,511.25

Number of Purchases Above $30 million: 4

Market Capitalization: $43.7 billion

Occidental Petroleum specializes in hydrocarbon exploration in the U.S. and the Middle East, as well as petrochemical manufacturing in the U.S., Canada, and Chile. Last year, it notably grew its presence in the Permian and Midland basins through the $12 billion acquisition of Crown Rock.

In February, the company confirmed it has achieved its near-term debt repayment target of $4.5 billion in the fourth quarter of 2024 and signed two agreements in the first quarter of 2025 to divest upstream assets to undisclosed buyers for a combined total of $1.2 billion.

In March, Occidental Petroleum announced an offer to exercise its outstanding publicly traded warrants at a temporarily reduced price. This way the company enabled warrant holders to purchase one share of its commons stock at a price of $22 per share. These warrants were initially distributed by Occidental in August 2020 in the form of a dividend.

On February 2, one insider — Warren Buffett’s Berkshire Hathway Inc — bought $153.59 million worth of Occidental Petroleum shares at a price of $45.55 per share. Currently, the stock is trading at $46.53 per share, down 5.83% year-to-date. Over the past 12 months, Occidental Petroleum shares have lost 23.19%.

Seventeen analysts have an average “Hold” rating on the stock, with a price target of $60.81, according to StockAnalysis. The average price target represents a 30.69% upside from the current price.

Occidental Petroleum is also considered one of the 7 best natural resources stocks to invest in according to hedge funds.