SustainableGrowth


  • 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…