Occidental Petroleum Corporation (stock code: OXY), a multinational energy company established in 1920 and headquartered in Houston, Texas, USA, is actively advancing green initiatives and long-term growth projects. It has partnered with Berkshire Hathaway (stock codes: BRK.A, BRK.B) to develop lithium production.

Occidental Petroleum Corporation, a leader in the industry, engages primarily in the exploration, production, and sale of oil, natural gas, and chemicals worldwide, possessing extensive energy assets globally.

The company is accelerating its transition to green energy in unexpected ways, aiming to profit from this shift. It shows significant growth potential in carbon capture and lithium production. Carbon capture technology not only helps reduce emissions but also promises economic benefits. Simultaneously, lithium, crucial for batteries, continues to see rising demand, presenting new profit opportunities for Occidental Petroleum.

Berkshire Hathaway has increased its stake in Occidental Petroleum and entered a joint venture agreement with it for lithium production, demonstrating confidence in Occidental's future. Known for its robust long-term investment approach, Berkshire Hathaway typically bases decisions on positive expectations of a company's future profitability.

Occidental Petroleum's management is focused on multiple growth projects and potential acquisitions to ensure long-term success. These include expanding capacity in Vietnam and planning to launch its first major carbon capture project, expected to become profitable by 2025. Additionally, the company actively seeks new acquisition opportunities to strengthen its market position.

Currently, dividends are not a priority for Occidental Petroleum, and investors should not expect high dividend yields. Instead, the company may conduct share buybacks to enhance shareholder value. Given its relatively high price-to-earnings ratio, the market may undervalue its stock, particularly for a cyclical stock.

While facing significant natural gas price risks, Occidental Petroleum stands to significantly boost future profitability with enhanced natural gas export capabilities. Aligning North American natural gas prices with global benchmarks will positively impact the company's earnings.

Lastly, Occidental Petroleum is investing heavily in low-carbon technologies, driven not only by environmental considerations but also by the critical importance of carbon capture technology for secondary recovery in unconventional oil fields. Leveraging existing technologies, the company is actively pursuing lithium production, which will be a key driver of future growth.