OXY
🛢️ Alongside Chevron, Warren Buffett has significantly increased his investment in Occidental Petroleum.
🛡️ This investment aligns with the strategy of favoring the energy sector, which is considered more defensive against potential economic downturns.
💰 Buffett’s buying activity in OXY represents one of the few areas where he is actively deploying capital, contrasting his overall cash accumulation.
@Artedeinvertir:
“In fact, during the last few months, one of the few sectors where Warren Buffett has expanded positions is in the energy sector with the purchase of shares in the energy and oil companies Chevron and Occidental Petroleum. Curiously, Jamie Diamond, the CEO of JP Morgan, one of the largest banks in the world, and, by the way, a personal friend of Warren Buffett for many years, recently attended an interview on Fox News and shares the same vision about the future as Warren Buffett.”
Watch the exact part of the video where @Artedeinvertir talks about Occidental Petroleum here:
Watch the video on YouTube
Read more articles analyzing Occidental Petroleum (OXY) at the following link. OXY stock.
