With $11.5 billion invested in Occidental Petroleum since 2022, Buffett has made a transparent name on the way forward for oil. Not like Chevron, Occidental leans closely on drilling, making it extremely delicate to grease worth swings. The place additionally comes with extra debt danger, however for Buffett, the corporate’s potential upside in a world of constrained oil provide seems to outweigh the volatility.
(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t signify the views of the Financial Occasions)
