Occidental Petroleum Is Showing Why It Has Become a Top Warren Buffett Stock
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has invested nearly $280 billion into other publicly traded companies. One of its top holdings is Occidental Petroleum (NYSE: OXY). Buffett's company owns 28.2% of the oil company's outstanding shares, which are currently worth $11 billion. That's its seventh-largest investment at 3.9% of the portfolio. The oil company recently reported its first-quarter results, which showcased once again why Buffett's company has made it a top holding. Occidental has built an oil company that can grow shareholder value in a variety of market conditions.Image source: Getty Images.Continue reading
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), has invested nearly $280 billion into other publicly traded companies. One of its top holdings is Occidental Petroleum (NYSE: OXY). Buffett's company owns 28.2% of the oil company's outstanding shares, which are currently worth $11 billion. That's its seventh-largest investment at 3.9% of the portfolio.
The oil company recently reported its first-quarter results, which showcased once again why Buffett's company has made it a top holding. Occidental has built an oil company that can grow shareholder value in a variety of market conditions.
Image source: Getty Images.
