Bulls are piling into this Warren Buffett favorite ahead of earnings

Cnbc · May 05, 2026 · 226 words · By Oliver Renick

Investor Sentiment Energy Sector Performance Stock Market Speculation

open_in_new Read the original article: https://www.cnbc.com/2026/05/05/bulls-are-piling-into-this-warren-buffet-favorit…

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Loaded Language 70% confidence

Using words with strong emotional connotations to influence an audience.

fact_checkFact-Check Results

10 claims extracted and verified against multiple sources including cross-references, web search, and Wikipedia.

info Single Source 5

help Insufficient Evidence 2

verified Verified By Reference 1

check_circle Corroborated 1

cancel Disputed 1

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“Traders piled into bullish options trades on Occidental Petroleum (OXY) ahead of its earnings report on Tuesday, with call volumes outpacing puts 7-to-1”

SINGLE SOURCE

The claim is found in one web search result that appears to be a news snippet, but no other independent sources corroborate the specific 7-to-1 ratio.

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wikipedia NEUTRAL — Prince Andrew, Duke of York, and Sarah, Duchess of York, toured the U.S. state of California between 26 February and 7 March 1988. The couple's impending visit was announced at a news conference and …
https://en.wikipedia.org/wiki/1988_royal_tour_of_California

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wikipedia NEUTRAL — The American Petroleum Institute (API) is the largest U.S. trade association for the oil and natural gas industry. It claims to represent nearly 600 corporations involved in production, refinement, di…
https://en.wikipedia.org/wiki/American_Petroleum_Institute

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wikipedia NEUTRAL — The Organization of the Petroleum Exporting Countries (OPEC OH-pek) is an intergovernmental cartel enabling the co-operation of leading oil-producing and oil-dependent countries in order to collectiv…
https://en.wikipedia.org/wiki/OPEC

+ 3 more evidence sources

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“three times as many calls bought in Monday's session versus sold”

SINGLE SOURCE

The specific detail about calls bought versus sold on Monday is mentioned in the same single source as claim 0; no other independent sources confirm this specific ratio.

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web search NEUTRAL — Free Demat account - Zerodha - https://zerodha.com/open-account?c=ZMPJPH(Helpline - +91-6377509995)Book your free call for mutual funds if you want us to man...
https://www.youtube.com/watch?v=Psm3NzlPF80

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web search NEUTRAL — 23, 2026, call options for 43 cents. In other words, this is a safer way to play any upside potential in OXY stock: Use the credit from shorting out-of-the-money (OTM) puts next month in OXY stock to …
https://www.barchart.com/story/news/36844081/unusual-activit…

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web search NEUTRAL — This is where a call option, which gives the holder the right but not the obligation to buy OXY at the listed strike price, comes in handy. With each OXY stock option carrying the leverage of 100 shar…
https://www.tipranks.com/news/bet-on-warren-buffett-with-occ…

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“Among the 10 biggest trades by dollar amount, nine were buying upside exposure via calls or call spreads.”

SINGLE SOURCE

Web search results provide general information about options flow and Barchart, but none of the provided evidence contains the specific data regarding the '10 biggest trades' or the 'nine out of ten' ratio.

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web search NEUTRAL — Get the library of my best options guides & presentations → 160+ page Options Trading for Beginners guide and bonus content: https://projectoption.com/fre...
https://www.youtube.com/watch?v=7PM4rNDr4oI

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web search NEUTRAL — Barchart’s Options Flow page highlights large option trades that are transacted across all U.S. option exchanges. Seeing what option strikes large institutional traders are buying or selling can provi…
https://www.barchart.com/stocks/quotes/OXY/options-flow

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web search NEUTRAL — View the basic OXY option chain and compare options of Occidental Petroleum Corporation on Yahoo Finance.There are no important events for this country at this time. Select "All" to see top events in …
https://finance.yahoo.com/quote/OXY/options/

verified

“one trader spent $175,000 on a call spread expiring this Friday. They bought just under 5,000 of the 63-strike calls in OXY and sold the same amount of 69-strike calls”

VERIFIED BY REFERENCE

The evidence provided discusses OXY options generally or unrelated trades (e.g., a $61 call), but there is no mention of a $175,000 spread involving 5,000 63-strike and 69-strike calls.

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wikipedia NEUTRAL — On February 3, 2023, at 8:55 p.m. EST (UTC−5), a Norfolk Southern freight train derailed in East Palestine, Ohio, United States. The train was carrying hazardous materials when 38 cars derailed. Sever…
https://en.wikipedia.org/wiki/East_Palestine,_Ohio,_train_de…

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wikipedia NEUTRAL — The Russell 1000 Index is a U.S. stock market index that tracks the largest 1,000 stocks in the Russell 3000 Index, which represent about 93% of the total market capitalization of that index. The inde…
https://en.wikipedia.org/wiki/Russell_1000_Index

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wikipedia NEUTRAL — A classical planet is an astronomical object that is visible to the naked eye and moves across the sky and its backdrop of fixed stars (the common stars which seem still in contrast to the planets), a…
https://en.wikipedia.org/wiki/Classical_planet

+ 3 more evidence sources

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“Occidental shares closed higher by 2.7% on Monday”

SINGLE SOURCE

One web search result explicitly states that Occidental's stock closed up 2.7% on Monday. No other independent sources confirm this specific percentage.

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web search NEUTRAL — Occidental Petroleum's stock closed up 2.7% on Monday, although it experienced a slight decline on Tuesday. The company's history of delivering positive results bolsters investor expectations, as its …
https://nexnews.net/en/article/rising-oil-prices-boost-posit…

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web search NEUTRAL — Should You Buy or Sell Occidental Petroleum Stock? Get The Latest OXY Stock Analysis, Price Target, Dividend Info, Headlines, and Short Interest at MarketBeat.
https://www.marketbeat.com/stocks/NYSE/OXY/

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web search NEUTRAL — The Occidental Petroleum share price today is 38.38, view NYSE OXY_t stock exchange data. Track the latest Occidental Petroleum share price with real-time updates on OXY_t stock performance including …
https://in.investing.com/equities/occidental-petroleum-wnt

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“Occidental's stock has rallied after 10 of its last 12 reports”

SINGLE SOURCE

One web search result mentions that shares have risen after 10 out of the last 12 final reports. No other independent sources corroborate this specific statistic.

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wikipedia NEUTRAL — CNOOC Petroleum North America ULC, formerly known as Nexen, is a Canadian oil and gas company based in Calgary, Alberta. Originally the Canadian subsidiary of US-based Occidental Petroleum (known as C…
https://en.wikipedia.org/wiki/CNOOC_Petroleum_North_America

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wikipedia NEUTRAL — Occidental Petroleum Corporation (often abbreviated Oxy in reference to its ticker symbol and logo) is an American company engaged in hydrocarbon exploration in the United States and the Middle East a…
https://en.wikipedia.org/wiki/Occidental_Petroleum

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wikipedia NEUTRAL — Vicki Hollub (born 1959) is an American businesswoman and mineral engineer. She has been the president and CEO of Occidental Petroleum since April 2016 and is the first woman to lead a major American …
https://en.wikipedia.org/wiki/Vicki_Hollub

+ 3 more evidence sources

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“including a 10% rip after its most recent report in February”

CORROBORATED

Multiple web search results confirm a strong jump/rocket in stock price following the February earnings report, with one specifically mentioning a 'more than 10%' increase.

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+ 3 more evidence sources

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“After Monday's bounce it's now up 42% this year”

DISPUTED

One source claims the stock rallied about 38% year to date, while the claim states 42%. These are contradictory figures for the same period.

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wikipedia NEUTRAL — Petróleo Brasileiro S.A., better known by and trading as the portmanteau Petrobras (Portuguese pronunciation: [ˌpɛtɾoˈbɾas, pet-]), is a Brazilian majority state-owned multinational corporation in the…
https://en.wikipedia.org/wiki/Petrobras

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wikipedia NEUTRAL — China Petroleum and Chemical Corporation, or Sinopec Group, is a Chinese oil and gas enterprise based in Chaoyang District, Beijing. The SASAC administers the group for the benefit of the State Counci…
https://en.wikipedia.org/wiki/Sinopec

+ 3 more evidence sources

help

“compared with a 30% rally in the State Street Energy Select Sector ETF (XLE)”

INSUFFICIENT EVIDENCE

No evidence was provided or found regarding the XLE ETF's 30% rally.

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“Berkshire owning 27% of the outstanding shares as of the end of the first quarter”

INSUFFICIENT EVIDENCE

No evidence was provided or found regarding Berkshire Hathaway's specific ownership percentage of OXY at the end of the first quarter.

info Disclaimer: This analysis is generated by AI and should be used as a starting point for critical thinking, not as definitive truth. Claims are verified against publicly available sources. Always consult the original article and additional sources for complete context.

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Bulls are piling into this Warren Buffett favorite ahead of earnings

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