Jim Cramer Discusses These 11 Stocks & President Trump’s Approval Drop

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4. Occidental Petroleum Corporation (NYSE:OXY)

Number of Hedge Fund Holders In Q4 2024: 68

Occidental Petroleum Corporation (NYSE:OXY) is one of the largest oil and gas companies in the US. The stock is down by 12.5% over the past year as the firm has struggled because of weak crude oil prices. Oil prices dipped throughout 2024’s first half as weakened economic activity in China and high output created a demand and supply imbalance. Amidst current weakness, Occidental Petroleum Corporation (NYSE:OXY) announced in February that it will sell some assets for a $1.2 billion price tag and its first quarter midpoint production guidance of 1.39 MMboepd fell short of analyst estimates of 1.43 MMboepd. Here is what Cramer said about the firm:

“DiamondBack has actually not been great, but Oxy’s extraordinary.”

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