3 Oil Stocks to Buy ASAP - 1/11

Occidental Petroleum (SYM: OXY)
We wouldn’t be shocked if Warren Buffett’s Berkshire Hathaway bought more OXY shares on recent weakness. The firm last bought 8.9 million shares for about $405 million in late December. “Though we very much like our ownership, as well as the option, Berkshire has no interest in purchasing or managing Occidental. We particularly like its vast oil and gas holdings in the United States, as well as its leadership in carbon-capture initiatives, though the economic feasibility of this technique has yet to be proven. Both of these activities are very much in our country's interest,” he wrote in a 2023 shareholder letter.