Occidental Petroleum share decreased by 32 % – but Warren Buffett continues to buy more. Do you know anything that the market does not do? – Oxidental Petroleum (New York Stock Exchange: Oxi)

Berkshire Hathaway from Warren Buffett BRK BRK.B)) Oxse. On February 7, Berkshire added 763,017 shares To its wallet for about 35.7 million dollars.

This brings its total share in Houston oil and gas giant to 28.3 %Which makes it the largest contributor to oxidantal. According to daily business investorsThis is a pattern – Berkshire has increased steadily from its investments even though Oxidantal shares have achieved great success in recent months.

Do not miss:

The share of the company had an approximate trip, About 32 % of its peak decreased in April. Last year alone, more than 17 % decreased, most of them due to poor oil prices.

The decrease in crude oil has led to pressure on energy stocks in all fields, and Occidental was no exception. However, Buffett does not seem worried.

This is not the first time that Berkshire jumped during the recession period. In December, that I was washed away 8.9 million shares When the market decreased.

Berkshire links to Occidental are deeper than normal stocks only. She played a major role in purchasing OCCIDENTAL with $ 55 billion from Anadarko Petroleum in 2019, Pump 10 billion dollars In exchange for favorite stocks.

Trending: Partners of the fastest growth company in Deloitte with Amazon and Walmart & Target- Many hurry to seize 4000 of the pre -subscription shares for only $ 0.26/shares!

This deal came with 8 % annual profit distributions, which means that Berkshire salutes only $ 800 million annually from those shares. Moreover, it carries orders to buy 80 million shares at an exercise price of $ 62.50. The investor’s daily work said that this gives Berkshire more potential upward trend if the oxidantal shares were.

Although organizational approval to buy up to 50 % of Occidental, Buffett explained that he is not planning to acquire.

I mentioned the work from the inside He first interested in the company after reading a copy of its profit call and admires what he saw. This was his approaches for decades – as he was imagining the basics of the company before moving.

See also: If there is a new box supported by Jeff Bezos introducing 7-9 % target return with monthly profits, do you invest in it?

Meanwhile, oxidantal focuses on debt payment. By an end Q3 2024, It has already achieved $ 4 billion, reaching about 90 % of the short -term debt reduction goal. As mentioned, this is part of a broader strategy to support the company’s financial situation.

For investors, the profits are the other clouds. Occidental provides 1.8 % returnWhich makes it an attractive choice for those looking for fixed returns. The company is also moving in carbon capture technology, which it can put well for the future as energy companies face increasing pressure to reduce emissions. This shift is in line with the wider industry trends that prefer sustainability.

Occidental closed in 47.83 dollars on February 121.60 % slide for today. As Baron noted, oil prices fluctuations continue to influence stocks, but Berkshire’s commitment indicates confidence in his long -term capabilities.

Read the following:

Photo of Shutterstock