Better Warren Buffett Oil Stock: Chevron Vs. Occidental Petroleum
Warren Buffett's company, Berkshire Hathaway, owns lots of stocks. Two of its more notable holdings are oil giants Chevron (NYSE: CVX) and Occidental Petroleum (NYSE: OXY). While oil stocks have fallen out of favor for most investors, they rank as two of Buffett's top holdings (fifth- and sixth-largest, respectively), comprising nearly 10% of its investment portfolio.
Given Buffett's success as an investor, many of his followers are likely considering adding one of these oil stocks to their portfolio. Here are some factors that make one of these Buffett oil stocks stand out as a potentially better option for many investors.
Chevron and Occidental are two of the largest oil companies in the country. However, Chevron is by far the largest, with a nearly $320 billion enterprise value compared to Occidental's at over $80 billion.
Source Fool.com
Occidental Petroleum Corp. Stock
With 14 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
With a target price of 69 € there is a positive potential of 33.85% for Occidental Petroleum Corp. compared to the current price of 51.55 €.
