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Business
Jea Yu

Buffett Loves Occidental Petroleum—Should You? 4 Pros, 3 Cons

Occidental Petroleum Warren Buffett Oil Vicki Hollub CrownRock OXY Warren Buffet MarketBeat SP Global Ratings
[content-module:CompanyOverview|NYSE:OXY]
[content-module:CompanyOverview|NYSE:OXY]

Do you know what Warren Buffet’s heaviest position in the energy sector is? Occidental Petroleum Co. (NYSE: OXY).

Despite a 21.4% drop in oil prices off its January 16, 2025, peak as measured by the United States Oil Fund, LP (NYSEARCA: USO) or the 23.7% drop in its stock year-to-date (YTD) stock price as of April 11, 2025, Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) has not sold a single share of OXY this year.

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