Buffett sells Tech and Banks, But what is he buying? Oil and Gas

by

by RhinoInsight

After sending out the Insider Report for June today, I noticed that Buffett has been steadily buying shares of Occidental Petroleum Corporation (OXY) for months, an US based company, specialized in the exploration and production of oil and gas.

Just in June, he acquired shares worth nearly USD 500 million.

This isn’t the first time he’s bought OXY shares this year. He was active in February as well. He now holds nearly 30% of OXY.

What do you think? Why is he continuing to invest in oil and gas stocks despite the growing global focus on renewable energy?

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.