Reported 10 months ago
Warren Buffett's Berkshire Hathaway maintains significant stakes in Chevron and Occidental Petroleum, even as the oil prices fall below $70 a barrel. Chevron, with a robust financial position and a long history of dividend increases, is deemed a safer investment compared to Occidental, which carries more risk due to its higher leverage and reliance on the Permian Basin. While Chevron is considered a better overall choice for stability, Occidental may offer higher potential returns if oil prices recover.
Source: YAHOO