There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 23, Occidental Petroleum Corp's CEO, Richard A. Jackson, invested $249,852.60 into 4,770 shares of OXY, for a cost per share of $52.38. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Monday, bargain hunters could buy shares of Occidental Petroleum Corp (Symbol: OXY) and achieve a cost basis 4.8% cheaper than Jackson, with shares changing hands as low as $49.85 per share. Occidental Petroleum Corp shares are currently trading down about 2.4% on the day. The chart below shows the one year performance of OXY shares, versus its 200 day moving average:
Looking at the chart above, OXY's low point in its 52 week range is $38.80 per share, with $67.45 as the 52 week high point — that compares with a last trade of $50.20. By comparison, below is a table showing the prices at which OXY insider buying was recorded over the last six months:
| Purchased | Insider | Title | Shares | Price/Share | Value |
|---|---|---|---|---|---|
| 06/23/2026 | Richard A. Jackson | President and CEO | 4,770 | $52.38 | $249,852.60 |
The current annualized dividend paid by Occidental Petroleum Corp is $1.04/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 06/10/2026. Below is a long-term dividend history chart for OXY, which can be of good help in judging whether the most recent dividend with approx. 2.1% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, OXY makes up 7.13% of the Texas Capital Texas Oil Index ETF (Symbol: OILT) which is trading lower by about 1.5% on the day Monday. (see other ETFs holding OXY).
Click here to find out which 9 other energy stock bargains you can buy cheaper than insiders »
Further OXY Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
