Reported 23 days ago
As the November elections approach, predictions suggest that two of Warren Buffett's major holdings, Chevron and Occidental Petroleum, could see significant stock increases if Donald Trump and the Republicans gain control. With Trump advocating for increased domestic oil drilling and potential corporate tax cuts, these oil stocks are poised to benefit. However, uncertainty remains regarding the election outcome, and regardless of the results, strong demand for oil and ongoing investments in carbon capture technology are expected to sustain these companies in the long run.
Source: YAHOO