Oxy's $12 Billion Acquisition: Is Warren Buffett's Second-Favorite Oil Stock a Buy?

Occidental Petroleum (NYSE: OXY) recently agreed to a $12 billion deal to buy privately owned CrownRock. Soon after the deal, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) disclosed multiple Oxy stock buys, expanding its already-sizable ownership in the company. But is it really a good deal? In this video, Motley Fool contributors Jason Hall and Tyler Crowe break things down.

*Stock prices used were from the afternoon of Dec. 13, 2023. The video was published on Dec. 16, 2023.

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Source Fool.com