Occidental Petroleum Surges to Top 69 Most Actively Traded Stocks with $1.086 Billion in Trading Volume Amid Geopolitical Tensions and Warren Buffett's Investment

On June 13, 2025, Occidental Petroleum (OXY) saw a significant surge in trading volume, reaching $1.086 billion, marking a 151.62% increase from the previous day. This substantial rise placed Occidental among the top 69 most actively traded stocks for the day. The company's stock price also increased by 3.78%.

Occidental Petroleum's stock performance was influenced by the geopolitical tensions in the Middle East, particularly the strike by Israel on Iran. This event led to a surge in oil prices, which in turn boosted energy stocks, including Occidental. The intensifying unrest in the region created a favorable environment for energy companies, driving up their stock prices.

In addition to the geopolitical factors, Warren Buffett's significant investment in Occidental Petroleum also played a role in the stock's performance. Buffett's purchase of nearly 265 million shares of Occidental common stock through Berkshire Hathaway has been seen as a vote of confidence in the company's future prospects. This high-profile investment has likely contributed to the positive sentiment surrounding Occidental's stock.