Reported 6 days ago
Warren Buffett has invested $12.9 billion in Occidental Petroleum, which analysts believe could rise by 25% in the next year. Despite Buffett's focus on cash accumulation, he continues to regularly buy shares of Occidental, citing the company's significant U.S. oil and gas holdings and its innovative carbon capture technologies. Wall Street’s optimistic outlook is backed by solid third-quarter results, although some analysts remain cautious about the stock's potential due to its dependence on fluctuating oil prices.
Source: YAHOO