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Warren Buffett boosts stake in Occidental, sees growth opportunity

Pelican Press

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Warren Buffett boosts stake in Occidental, sees growth opportunity

Warren Buffett’s Berkshire Hathaway (BRK-B, BRK-A) increased its stake in energy company Occidental Petroleum (OXY), buying an additional 763,000 shares on February 7 and bringing the firm’s total stake in the oil (CL=F, BZ=F) giant to 28%.

Catalysts anchors Madison Mills and Seana Smith discuss Buffett’s continued investment despite Occidental’s struggles.

To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

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