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Occidental Petroleum (OXY -2.80%) recently agreed to a $12 billion deal to buy privately owned CrownRock. Soon after the deal, Berkshire Hathaway (BRK.A +0.21%)(BRK.B +0.31%) disclosed multiple Oxy stock buys, expanding its already-sizable ownership in the company. But is it really a good deal? In this video, Motley Fool contributors Jason Hall and Tyler Crowe break things down.

*Stock prices used were from the afternoon of Dec. 13, 2023. The video was published on Dec. 16, 2023.

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About the Author

Jason Hall
Jason Hall is a contributing Motley Fool stock market analyst with more than a decade of experience writing about dividend stocks and long-term investing. He has been with the company since 2012 and previously spent over 10 years in technical sales in the printing and information services industry. Jason also founded and operated a small food manufacturing business.
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Jason Hall has positions in Berkshire Hathaway. Tyler Crowe has positions in Berkshire Hathaway. The Motley Fool has positions in and recommends Berkshire Hathaway. The Motley Fool recommends Occidental Petroleum. The Motley Fool has a disclosure policy. Jason Hall is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Occidental Petroleum Stock Quote
Occidental Petroleum
NYSE: OXY
$55.47
(-2.80%)-$1.60
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---% Avg Return
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKA
$768,250.00
(+0.21%)+$1,649.99
Berkshire Hathaway Stock Quote
Berkshire Hathaway
NYSE: BRKB
$513.14
(+0.31%)+$1.60

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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Oxy's $12 Billion Acquisition: Is Warren Buffett's Second-Favorite Oil Stock a Buy? | The Motley Fool