5 Best Oil Stocks To Buy According To Hedge Funds

2. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders in Q4 2022: 71

Occidental Petroleum Corporation (NYSE:OXY) is a diversified energy company that explores, produces, transports, and markets crude oil and related products. The firm is based in Houston, Texas.

Occidental Petroleum Corporation (NYSE:OXY)’s subsidiary 1PointFive entered into an agreement with the Houston Texans to sell carbon credits from its air capture plant to bring down the team’s emissions during air travel to away games. As of Q4 2022, 71 of the 943 hedge funds researched by Insider Monkey had invested in the company.

Warren Buffett’s Berkshire Hathaway is Occidental Petroleum Corporation (NYSE:OXY)’s largest hedge fund shareholder in our database. It owns 194 million shares that are worth $12 billion.

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