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Ebube Jones

Warren Buffett Loves This Cheap Dividend Stock and So Do Company Insiders

Warren Buffett Occidental OXY Occidental Petroleum Berkshire Hathaway Berkshire Petroleum Barchart

Berkshire Hathaway (BRK.B), led by legendary investor Warren Buffett, has built up a position of over 28% of Occidental Petroleum’s (OXY) outstanding shares. This level of commitment shows real confidence in OXY’s future.

This confidence from Buffett in Occidental Petroleum comes as the International Energy Agency has revised down its global oil (CLN25) demand growth forecast for 2025 to 730,000 barrels per day, citing escalating trade tensions and a weaker economic outlook.

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