Occidental Petroleum Corp's (OXY) Director Warren E. Buffett purchased 763,017 shares of common stock at a price of $46.8195 per share on February 7, 2025. The purchase was made indirectly through Berkshire Hathaway Inc.'s subsidiary, National Indemnity Company. Such significant insider purchases generally indicate a positive outlook on the company's future performance by the management, which may positively influence the stock price.