'Berkshire Hathaway May Be In Red On Its Big Stake In Occidental Petroleum' - Barron's
Portfolio Pulse from Benzinga Newsdesk
Berkshire Hathaway, led by Warren Buffett, has accumulated a 28% stake in Occidental Petroleum since early 2022. However, the investment has not yielded significant returns, potentially putting Berkshire in the red.
September 10, 2024 | 7:35 pm
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NEGATIVE IMPACT
Berkshire Hathaway's significant investment in Occidental Petroleum has not resulted in expected returns, potentially affecting its financial performance.
Berkshire Hathaway's large stake in Occidental Petroleum has not performed as expected, which could negatively impact Berkshire's financial results and investor sentiment.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Occidental Petroleum's performance has not met expectations, affecting Berkshire Hathaway's investment returns.
Occidental Petroleum's underperformance has led to Berkshire Hathaway's investment not yielding expected returns, which could pressure Occidental's stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70