OXY-The Energy Sector Is Off to a Sizzling Start in 2024. This Stock Is the Only Existing Position That Warren Buffett Added To During the First Quarter.

Warren Buffett may be known for his big positions in Apple and Coca-Cola, but the Oracle of Omaha only added to one existing position during the first quarter -- and it was an energy stock. As shown in the graph above, Occidental Petroleum reported revenue of $5.9 billion during the first quarter of 2024. This represented a 19% decline year over year. Furthermore, net income also dropped from$ 1.3 billion during the first quarter of 2023 to $888 million this year. Considering the noticeable volatility level ...