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Read More »Warren Buffett’s $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett’s stake in the company. The decline aligns with a 23% drop in crude oil prices on concerns about demand and excess supply. Berkshire Hathaway’s $13 billion stake in Occidental Petroleum may be underwater, based on estimates. A steady decline …
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