5 Cheapest Stocks Warren Buffett Owns

4. Occidental Petroleum Corporation (NYSE:OXY)

Berkshire Hathaway’s Latest Investment: $13.2 billion

TTM P/E Ratio: 7.32

Occidental Petroleum Corporation (NYSE:OXY) is an American oil and gas exploration and production firm headquartered in Texas. Its earnings per share have dropped from $2.44 in Q3 2022 to 68 cents in Q2 2023, highlighting the scope of normalization that has taken place in the oil industry this year.

As June 2023 ended, 73 of the 910 hedge funds surveyed by Insider Monkey had held a stake in the company. Mr. Buffett’s firm is Occidental Petroleum Corporation (NYSE:OXY)’s biggest shareholder in our database since it owns 224 million shares that are worth $13.2 billion.

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