5 Best Oil Stocks to Buy for 2024

2. Occidental Petroleum Corp (NYSE:OXY)

Number of Hedge Fund Investors: 75

Occidental Petroleum Corp (NYSE:OXY) is in the spotlight amid Berkshire Hathaway’s consistent amassing of the stock. Latest SEC filings show that Warren Buffett’s Berkshire now owns a 34% stake in Occidental Petroleum Corp (NYSE:OXY).

Morgan Stanley recently upgraded the stock to Overweight from Equal Weight.