5 Oil Stocks with Biggest Upside

4. Occidental Petroleum Corporation (NYSE:OXY)

Number of Q4 2023 Hedge Fund Shareholders: 66

Share Price Performance Since March 2022: 7.15%

Occidental Petroleum Corporation (NYSE:OXY) is a Texas based oil and gas firm with operations all over the world and a diversified business. It’s one of few oil stocks that actually jumped in Q1 2022, and if we account for this, then the shares are up by 52% since the tail end of February.

By the end of December 2023, 66 out of the 933 hedge funds tracked by Insider Monkey had held a stake in the firm. Occidental Petroleum Corporation (NYSE:OXY)’s largest hedge fund investor is Warren Buffett’s Berkshire Hathaway through its $14.5 billion investment.

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