• 2 months ago
Shares of Occidental Petroleum have plummeted 29% since mid-April, impacting Warren Buffett‘s substantial investment in the company.

What Happened: Chris Bloomstran, fund manager at Semper Augustus, suggested that while Buffett might buy more shares, he is unlikely to take over the company. Bloomstran noted that Buffett prefers Occidental to initiate a stock buyback program, which CEO Vicki Hollub has said will only happen after significant debt reduction, Business Insider reported on Friday.

Category

🗞
News
Transcript
00:00Thank you so much for joining us and we'll see you next time.
00:30Take care.

Recommended

3:42
I
Up next
What Will Happen To Berkshire Hathaway If Warren Buffett Passes Away
Benzinga
0:52
Warren Buffett's Berkshire Beefs Up Occidental Stake To Nearly 28% After Oil Producer's $12B CrownRock Mega-Deal
Benzinga
0:44
Warren Buffett-Led Berkshire Hathaway Pares Bank Of America Stake By $338M, Marking 13th Round Of Sales Amid Growing Speculation On Strategic Shifts
Benzinga
1:14
Warren Buffett Has a New Favorite Stock
The Street
0:35
Warren Buffett Sells Another $982M Worth Of Bank Of America Shares — What You Should Know
Benzinga
0:46
Is Warren Buffett Bearish Or Waiting To Pounce? Berkshire Now Owns More T-Bills Than Federal Reserve, Several Countries
Benzinga
1:02
Buffett Amasses A $325 Billion Cash Pile, Halts Berkshire Buybacks
Benzinga
1:03
Warren Buffett Made This Many Million Per Day In 2023 — 215,376 Times More Than The Average Person
Benzinga
0:46
Warren Buffett's Berkshire Hathaway Further Pares Bank Of America Stake, Offloads Shares Worth $3.8B In 2 Weeks
Benzinga
0:50
Berkshire Hathaway Reports Decline In Q3 Operating Earnings, Further Reduces Apple Stake
Benzinga
0:37
Warren Buffett Moves: Berkshire Hathaway Reduces Bank Of America Holdings By $863M
Benzinga
0:34
Warren Buffet's Berkshire Hathaway Sells $2 Billion Worth of Bank of America Shares
Benzinga
0:55
Here's How Much Warren Buffett's Berkshire Hathaway Will Earn in Dividends from Its New Stake in Chubb
Benzinga
1:11
Warren Buffett-Backed BYD Unveils Stock Buyback And Luxury Car Production Expansion Amid Market Challenges
Benzinga
0:53
Warren Buffett's Berkshire Hathaway Takes New Stake in Capital One Financial, With 9,922,000 Shares And Adds 2 More New Positions - Berkshire Hathaway 13F - $BRK.A $BRK.B
Benzinga
1:00
Warren Buffett's Berkshire Hathaway Stock Looks Attractive After Recent Dip, Apple Rally Boosts Book Value
Benzinga
0:32
Warren Buffett’s tips for surviving a stock market crash
Fortune
1:22
Munger's Investment Wisdom Explained
Benzinga
0:39
Warren Buffett's Berkshire Hathaway Reportedly Raises $1.9B Through Largest Samurai Bond Sale In 5 Years
Benzinga
4:01
Is Japan The Right Country To Invest In Right Now? - Jeremy Schwartz, Global Chief Investment Officer @WisdomTreeFunds
Benzinga
0:39
Warren Buffett's Berkshire Hathaway Hits $1 Trillion Market Cap Milestone Days Before Oracle of Omaha's 94th Birthday
Benzinga
2:27
Ulta Beauty Shares Are Trading Higher After Warren Buffett’s Berkshire Hathaway Added A Stake In The Company: What Investors Need To Know
Benzinga
0:43
Warren Buffett's Top Executive Ajit Jain Sells Over Half His Berkshire Hathaway Stake For $139M Amid Speculation On Stock Valuation And Kamala Harris's Tax Policies
Benzinga
3:20
What's Going On With Boeing Stock? Boeing Stock Faces Strike Turbulence As Potential Credit Downgrade Looms
Benzinga
0:48
Warren Buffett Still Holds 400M Apple Shares, Reveals New Investments In Ulta Beauty And Heico — Elon Musk Calls Berkshire Hathaway's $277B Cash Reserves 'Wild'
Benzinga