Occidental Petroleum Corporation (OXY) is down 9% from its highs for the year, as oil prices have come down. However, I believe OXY can still earn $5.50 a share this year with oil prices at their current levels, with potential upside if the economy can stay out of a recession.

Warren Buffett’s Berkshire Hathaway now owns 23.5% of OXY shares, and this should also help support the stock. Let’s buy Occidental Petroleum stock.

Buy OXY stock under $65, my target is $75.