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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: rnam ✭☼  😊 😞
Number: of 21937 
Subject: Stock of the year OXY
Date: 12/27/22 12:41 AM
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No. of Recommendations: 7
Occidental Petroleum (OXY) is MarketWatch's 2022 stock of the year. Occidental is the best-performing stock in the S&P 500 this year and by some measures the stock is still cheaply priced, despite Berkshire Hathaway CEO Warren Buffett's vote of confidence and the strength of the energy sector.

Shares of Occidental Petroleum have risen 120% during a year in which the energy sector has been the only one in the benchmark index to show a gain.

We are now in a long period during which management teams at major oil producers are more focused on prudent spending to maintain supply, rather than expand it, as they deploy excess cash through buybacks and dividends.

In an interview with Matt Peterson as part of the MarketWatch 50 series, Hollub explained that with a $40 break-even point for production, 'there's no pressure to increase production right now, when we have these other two ways that we can increase shareholder value.'

marketwatch.com - Marketwatchs stock of the year warren buffett oil and a return
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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