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OXY-OCCIDENTAL PETROLEUM CORP

Berkshire Hathaway Increases Stake in Occidental Petroleum to 28.8%, Reflecting Strong Confidence in Long-Term Growth Despite Stock Challenges

Tuesday

25 February, 2025

Warren Buffett's increased stake in Occidental Petroleum to 28.8% underscores his belief in the company's long-term growth potential, despite recent stock challenges. Can innovative projects and strong operational performance turn the tide for investors in a volatile energy market?

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Key Takeaways
  • Warren Buffett's significant investment in Occidental Petroleum signals strong confidence in the company's prospects.
  • The firm reported impressive operational metrics, including substantial daily oil production and cash flow.
  • Occidental is prioritizing debt reduction and plans to sell assets to improve financial health.
  • Innovative initiatives, such as a carbon capture hub, position the company for future growth.
  • The attractive forward earnings multiple suggests potential for significant long-term returns.
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