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OXY-OCCIDENTAL PETROLEUM CORP

Berkshire Hathaway Boosts Stake in Occidental Petroleum to Nearly 29%, Signaling Continued Confidence Amid Market Adjustments

Saturday

22 February, 2025

Warren Buffett's latest move to increase Berkshire Hathaway's stake in Occidental Petroleum to nearly 29% highlights his unwavering confidence in the oil giant, even amidst market challenges. Can Occidental's strategic focus on debt reduction and innovative projects pave the way for a robust recovery?

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Article Impact Score

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69
Key Takeaways
  • Warren Buffett's increased investment in Occidental Petroleum reflects strong belief in the company's future potential.
  • The firm achieved impressive fourth-quarter results, producing nearly 1.5 million barrels of oil equivalent daily.
  • Occidental's commitment to reducing debt and selling assets supports its long-term growth strategy.
  • The company's focus on carbon capture technology enhances its sustainability and market position.
  • With a forward earnings multiple of 13.1, Occidental appears undervalued relative to its peers.
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