Warren Buffett boosts stake in Occidental Petroleum with 8.9 million share purchase

seekingalpha.com

Warren Buffett increased his stake in Occidental Petroleum by purchasing 8.9 million shares in December 2024. He now owns about 28% of the company, which is based in Houston. This move comes as Occidental's shares have seen a decline. Buffett's investment strategy appears to be a contrarian approach amid the current market conditions.


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