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 in oil prices this year…

Read More