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BuffettInvestment

  • Buffett’s OXY Bet Is Late-Cycle — And That’s Exactly Why It Works

    Buffett’s OXY Bet Is Late-Cycle — And That’s Exactly Why It Works

    Warren Buffett isn’t confused. He isn’t nostalgic for oil’s glory days. And he’s definitely not buying Occidental Petroleum by accident. When Berkshire Hathaway keeps scooping up OXY — now sitting on roughly 29% of the company, plus preferred shares yielding about 8% and warrants at $59.62 — it’s not a casual flirtation. It’s a calculated…

  • Buffett Isn’t Chasing Oil Hype — He’s Betting on Scarcity

    Buffett Isn’t Chasing Oil Hype — He’s Betting on Scarcity

    When Warren Buffett keeps buying oil, you pay attention. When he buys the chemical arm too, you really pay attention. Berkshire Hathaway now owns roughly 28% of Occidental Petroleum’s common stock — and about 32.7% if you include the warrants sitting in Buffett’s back pocket. In January, Berkshire closed its $9.7B acquisition of OxyChem, Occidental’s…