OXY Q4 2022 Review: "$10.5B of debt repaid and $3B of share repurchases"

We’re changing things up a bit here. I’ll stay 100% transparent and share my portfolio (that’s not changing). But I’m going to start spending more time going deeper and companies and industries. It’s easy to get wrapped up in the daily financial news cycle and feel like we always have to read about the “new thing”.

Time to slow down, dive deeper, and make a lower quantity of decisions but higher quality decisions.

You can always find my current portfolio & latest here (link)

Today we’re diving into Occidental Petroleum’s (OXY) Q4 2022 Results. They reported earnings on 02/27/2023. OXY’s stock is relatively flat vs the XLE energy ETF being down 9% since 02/27.

This is a very short time span but my guess is that there is some type of a “floor” in the OXY share price due to Buffett continuously buying the stock and having the authorization to purchase up to 50% of the company.

This alone is not a reason to buy the stock, but it doesn’t hurt.

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