Warren Buffett's $10 Billion Boost to Occidental Petroleum: What It Means for Investors
Warren Buffett's Berkshire Hathaway has invested nearly $10 billion in Occidental Petroleum by acquiring its chemical unit, OxyChem, to help reduce the company's debt and focus on core oil and gas operations. Despite recent stock declines and sector challenges, Occidental aims to strengthen its financial health through asset sales and debt repayment, with analysts suggesting moderate upside potential for OXY stock.