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Warren Buffett’s $13 Billion Bet on Occidental Petroleum Turns Sour | Oil Prices Plummet!
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Warren Buffett's massive $13 billion stake in Occidental Petroleum is facing turbulence as oil prices hit a 3-year low. Occidental shares have plunged 29% since mid-April, closely tracking a 23% drop in crude oil. With Berkshire Hathaway holding a 29% stake, Buffett’s bet might be underwater. In this video, we break down why oil prices are falling, how it’s impacting Occidental, and what Buffett might do next. Will the Oracle of Omaha double down or cut his losses?