Reported 5 months ago
The article discusses the strong start of the energy sector in 2024, noting Warren Buffett's addition of 4.3 million shares of Occidental Petroleum to his portfolio during the first quarter. Despite declining revenue and profits, Occidental Petroleum is diversifying into carbon management, which could bring new opportunities. The stock currently trades at a discount to the market, with potential for long-term growth due to the company's profitability and investments in innovative markets. Investors are advised to consider following Buffett's lead in investing in Occidental Petroleum.
Source: YAHOO