5 Best Gas Stocks To Buy Now

2. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders: 73

Founded in 1920, Occidental Petroleum Corporation (NYSE:OXY) acquires, explores, and develops oil and gas properties in the US, the Middle East, North Africa, and Latin America under its Oil and Gas, Chemical, and Midstream and Marketing segments. In Q3, Occidental Petroleum Corporation (NYSE:OXY) posted adjusted diluted earnings of $1.18 per share and revenue of $7.40 billion. The oil and gas firm has also signed an agreement with BlackRock, Inc. (NYSE:BLK) to create a joint venture for developing an air capture plant in Texas.

Out of 910 hedge funds profiled by Insider Monkey at the end of Q2, 73 held stakes in Occidental Petroleum Corporation (NYSE:OXY). The largest stakeholder was Warren Buffett’s Berkshire Hathaway which owned roughly 224.1 million stakes of Occidental Petroleum Corporation (NYSE:OXY) that were valued at $13.2 billion.