Buffett's Occidental Petroleum investment declines, raising concerns
Warren Buffett's $11 billion investment in Occidental Petroleum has lost 21% of its value since its 2025 peak, raising concerns about the investment's future. Berkshire Hathaway's 28.2% stake in Occidental, now valued at $11 billion, has seen its shares fall to $42.16, down from a peak of $53.20. The stock's decline has wiped out billions in value, with the stock hitting a low of $34.78 last month. This marks a potential setback for Buffett, who has previously praised Occidental's CEO. The investment comes as oil prices struggle, and the company faces debt concerns and potential funding cuts for its clean-energy projects.