Warren Buffett’s 10 Stock Picks with the Strongest Upside Potential

5. Occidental Petroleum Corporation (NYSE:OXY)

Analyst Upside: 23.44%

Share price return between July 1 and October 21: -2.76%

Percentage of Portfolio: 4.32%

Portfolio Holding Value: $11.13 Billion

Number of Hedge Fund Holders: 64

Occidental Petroleum Corporation (NYSE:OXY) is one of Warren Buffett’s 10 stock picks with the strongest upside potential. On October 20, Susquehanna increased the price target on Occidental Petroleum Corporation (NYSE:OXY) from $54 to $55, keeping its Buy rating on the stock.

Charles Minervini from Susquehanna raised the price target on OXY ahead of the company’s Q3 2025 earnings release on November 10, 2025. Minervini expects crude oil prices to fall to $62.50 per barrel in Q4, while keeping the 2026 projection at $65 per barrel.

However, Wall Street analysts are concerned regarding Occidental Petroleum’s near-term headwind to FCF given the company’s oil sensitivity. On October 16, Wells Fargo initiated coverage on OXY with an Underweight rating and a price target of $42. Wells Fargo analysts see the sale of OxyChem to Berkshire Hathaway as a move that pulled forward debt targets. Even though the leverage issue will be resolved, the company will likely maintain a high beta to commodity dips, believes Wells Fargo. Berkshire will acquire OxyChem for $9.7 billion in an all-cash transaction, one of the final deals of Warren Buffett before he leaves the company by the end of the year.

Occidental Petroleum Corporation (NYSE:OXY) is one of the leading oil and gas companies. The company engages in the acquisition, exploration, and development of oil and gas properties globally.