Why Does Warren Buffett Continue to Hold Occidental Petroleum Shares?

Occidental Petroleum Corporation News

Why Does Warren Buffett Continue to Hold Occidental Petroleum Shares?
Crude Oil WTI FuturesBerkshire Hathaway BBerkshire Hathaway Inc Class A
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Stocks Analysis by Michele Schneider covering: Occidental Petroleum Corporation, Crude Oil WTI Futures, Berkshire Hathaway B, Berkshire Hathaway Inc Class A. Read Michele Schneider's latest article on Investing.com

"We particularly like its vast oil and gas holdings in the United States, as well as its leadership in carbon-capture initiatives."

While I have the Daily chart posted here, on the weekly chart, the price of OXY is sitting on the 200-week moving average and has now for the last 4 weeks. Last week OXY made a new multi-year low. The last time this traded at these levels was in March 2022.And we want to see the momentum hold firm from current levels.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

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