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MarketBeat
MarketBeat
Jea Yu

Buffett’s Next Oil Bet: Why Occidental Is Different

It’s no secret that Warren Buffett has a penchant for Occidental Petroleum Co. (NYSE: OXY) stock.

But Buffett wasn't always a fan of oil & energy sector stocks. In fact, his high-profile foray into oil domestic oil stocks with ConocoPhillips (NYSE: COP) was personally proclaimed to be a “major mistake” by the Oracle of Omaha himself.

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