How Occidental Petroleum caught the eye of Warren Buffett

As the pandemic took hold, investors, including warren buffet discontinued shares of western oil Now, the oil and gas producer is the best performing stock on the S&P 500 this year, and a new favorite for the seasoned investor.

More than two years after selling his Occidental common stock, Mr. Buffett’s Berkshire Hathaway is the company’s largest shareholder with about 20% of its shares, according to recent filings, and Mr. Buffett received regulatory approval on Friday to buy up to 50%.


Wj

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