Warren Buffett Still Bets On This Energy Play As Wall Street Predicts EPS Falling 60%
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Warren Buffett-backed Occidental Petroleum (OXY) reports third-quarter earnings and revenue this week with analysts expecting quarterly profit to fall more than 60%. Buffett, who bought up OXY stock through the first half of the year, has not cooled on the energy play — snapping up an additional 4 million shares in late October.
Occidental's results come after energy giants…
This story from investors.com was posted on 2023-11-06 by @geovent.