Warren Buffett Buys Occidental Petroleum (OXY) + Chevron: Big Bet on Oil

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This video discusses Warren Buffett / Berkshire Hathaway buying Occidental Petroleum. This came out via a recent SEC filing. Here, Berkshire Hathaway has bought shares in Occidental Petroleum worth around $5 billion. In addition to the Chevron holdings of around $4.5 billion, this gives a $10 billion bet on oil and gas companies. I discuss those stock purchases, how they have performed, and what could have motivated Warren Buffett's purchase.

Time stamps
* 0:00 Introduction
* 1:44 Warren Buffett's Occidental Petroleum Purchase
* 3:24 Why buy Occidental Petroleum, Chevron, and Oil?
* 10:12 Overall thoughts

#WarrenBuffet #BerkshireHathaway #Oil #OXY

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Thanks for watching =)
Check out my books

financemark
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I believe Chevron is gonna keep moving up!

crystalclearvlog
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This was like when Warren bought a ton of AAPL shares in 2016 (?) and Carl Icahn at that time sold his position in AAPL .

jesusjuansanpascual
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While oil & gas continue to go through the roof hurting the average daily driving worker, Buffett feels just fine climbing aboard that same profit train to also get rich off of us. Big oil and Buffett will continue getting rich which we are paying for.

SpinnerPaddlefoot
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Buffett feels unkind to invest in oil at this time, because oil affects the livelihood of the general public. As a billionaire, he should assist the government to solve difficulties. It is not at this time that he publicly buys oil companies for his own interests, which is disappointing. Oil has a huge impact on the environment. All countries are pushing electric vehicles, solar energy, wind power, and ocean power, and more than 80 yuan. In the past, shale oil in the United States will also be turned on. How could oil prices soar and someone deliberately disrupt human progress.

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