Why Warren Loves $OXY

Bloomberg headline: Here’s Why Warren Buffett Loves Oil Giant Occidental Petroleum

:pushpin: Berkshire won FERC approval to buy up to 50% of the stock

:pushpin: Full takeover of Occidental could be Berkshire’s biggest ever


Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on Friday won approval to buy as much as 50% of the shares. Some investors believe it’s a step toward a full takeover, which may end up costing more than $50 billion.

Here’s why Occidental is attractive to Berkshire:

1. Oil
2. Familiarity
3. Value
4. Cash
5. Shale
6. CEO
7. Inflation Reduction Act

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