With $11.5 billion invested in Occidental Petroleum since 2022, Buffett has made a clear call on the future of oil. Unlike Chevron, Occidental leans heavily on drilling, making it highly sensitive to oil price swings. The position also comes with more debt risk, but for Buffett, the company’s potential upside in a world of constrained oil supply appears to outweigh the volatility.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
