Investing alongside Berkshire Hathaway and Warren Buffett ca...

• Kevin Matte : OXY its one of their biggest investment

  Report

  Reply
  Cancel Reply

• FIRE Keith OP Kevin Matte : Certainly. Occidental Petroleum Corporation (OXY) is among Berkshire Hathaway's top ten holdings, and the company continues to acquire OXY shares. Currently, Berkshire Hathaway holds approximately 28% of OXY, making it a major shareholder.

  Report

  Reply
  Cancel Reply

• Kevin Matte : and 81% of institutional holdings are owned ^^

  Report

  Reply
  Cancel Reply

• Kevin Matte : its the 6th position and its 27% now ^^

  Report

  Reply
  Cancel Reply

• FIRE Keith OP Kevin Matte : The recent purchase should bring the total above 28%.

  Report

  Reply
  Cancel Reply

• Kevin Matte : i read it on the moomoo stuff, yeah maybe there late

  Report

  Reply
  Cancel Reply

• FIRE Keith OP Kevin Matte : https://www.investopedia.com/occidental-petroleum-stock-in-focus-after-berkshire-boosts-stake-in-energy-company-8660664

  Report

  Reply
  Cancel Reply

• Kevin Matte : that's nice ! OXY want to extract lithium ???

  Report

  Reply
  Cancel Reply

• FIRE Keith OP Kevin Matte : Certainly. OXY has formed a joint venture with Berkshire Hathaway Energy for this purpose.

  Report

  Reply
  Cancel Reply

• FIRE Keith OP Kevin Matte : **OXY's Strategic Plan under CEO Vicki Hollub**
  
  1. **Acquisitions and Takeovers:**
    - Acquire Anadarko and CrownRock to secure inventory for future development and increase free cash flow (FCF).
  
  2. **Investment in Direct Air Carbon Capture:**
    - Invest in direct air carbon capture technology to reduce the company's carbon footprint.
  
  3. **Joint Venture for Lithium Extraction:**
    - Form a joint venture to engage in lithium extraction.
  
  **Key Highlight:**
  - CEO Vicki Hollub has gained the trust and support of Berkshire Hathaway, a significant endorsement of the company's strategic direction.

  Report

  Reply
  Cancel Reply

View more comments...