Warren Buffett ignores Wall Street, buys more stock in this oil-and-gas company
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Warren Buffett's Berkshire Hathaway has invested over $400 million in Occidental Petroleum, despite the company's stock hitting a nearly three-year low due to concerns over declining oil prices.
December 20, 2024 | 7:30 pm
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Berkshire Hathaway, led by Warren Buffett, has purchased over $400 million in Occidental Petroleum shares, signaling confidence in the company despite its stock reaching a three-year low.
Warren Buffett's significant investment in Occidental Petroleum suggests a strong belief in the company's future prospects, which could positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100