Jim Cramer Says Occidental Petroleum’s (OXY) His Second Top Oil Stock

We recently published Jim Cramer Warned About Market Manipulation & Discussed These 22 Stocks. Occidental Petroleum Corporation (NYSE:OXY) is one of the stocks discussed by Jim Cramer.

Occidental Petroleum Corporation (NYSE:OXY) is an oil and gas exploration and production company. Its shares are up by 38% over the past year and by 33% year-to-date. UBS discussed the firm on May 7th as it trimmed the share price target to $65 from $67 and kept a Neutral rating on the shares. The bank’s coverage came after Occidental Petroleum Corporation (NYSE:OXY)’s latest earnings report, as it remarked that the oil company was bolstering its free cash flow growth through successfully executing its long term strategy. The earnings. saw Occidental Petroleum Corporation (NYSE:OXY)’s revenue miss analyst estimates and GAAP earnings beat analyst estimates. Cramer recommended buying the shares:

“Look if you have to buy the oil stocks, it’s Conoco [inaudible] Oxy’s second. If you want growth, you still do Diamond. And if you want natural gas, [inaudible] Devon. And I like natural gas a lot. I think that EQT is really [inaudible]. EQT is really good because it is the data center natural gas. And we want anything data center.”

Jim Cramer Says Occidental Petroleum's (OXY) His Second Top Oil Stock

While we acknowledge the risk and potential of OXY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OXY and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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