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Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

By Yahoo! Finance   |   Sep 12, 2024 at 08:12 PM EST
Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low

Warren Buffett's Berkshire Hathaway faces losses on its $13 billion stake in Occidental Petroleum due to declining oil prices. Despite Berkshire's confidence in the company, the investment may be underwater.

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