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. In a move that underscores how much his perspective on the sector has shifted, Buffett’s Berkshire Hathaway Inc. NYSE: BRK.A bought OXY stock when it was down 30% from its highs in ...