Jim Cramer Discusses Occidental Petroleum (OXY) In Context Of Broader Oil Industry

We recently published 12 Stocks Jim Cramer Mentioned In An Episode Where He Briefly Commented On Data Centers. Occidental Petroleum Corporation (NYSE:OXY) is one of the stocks Jim Cramer recently discussed.

Cramer discussed Occidental Petroleum Corporation (NYSE:OXY) after a Wall Street Journal report suggested that Warren Buffett’s Berkshire Hathaway would buy the firm’s petrochemical business. Berkshire confirmed the $9.7 billion deal the next day. The CNBC TV host commented that all oil companies were facing balance sheet tightness, and as per the Journal’s latest report, the deal will allow Occidental Petroleum Corporation (NYSE:OXY) to reduce its debt and focus on the oil business. Here is what Cramer said:

“[On WSJ’s report] Yeah this is a great business and OXY’s in no position to be able to just say hey listen we’ll give you the highest bid I don’t wanna do that. All the oil companies are very stretched right here. We don’t talk about it enough. Anybody that has a bad balance sheet, a lot of the natural gas companies even are down. We think that natural gas is the fuel of the future for the data centers.”

While we acknowledge the potential of OXY as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.