Buffett’s Singular Focus on One Stock
Legendary investor Warren Buffett has consistently purchased stocks over the past few years. Many investors closely follow his moves, and most assume that his top investment is Berkshire Hathaway. However, there is one more stock that Buffett has continuously bought over 10 out of the last 13 quarters. That stock is Occidental Petroleum (OXY).
A Multi-Year Buying Frenzy
Buffett has been net-selling stocks for the past nine consecutive quarters. However, he has made an exception for one stock—Occidental Petroleum, a major oil and gas producer.
Occidental Petroleum (OXY) was initially acquired by Buffett in Q3 2019, but he exited his position in Q2 2020. However, starting in Q1 2022, Buffett began repurchasing Occidental aggressively and has continued accumulating shares since.
On February 7, 2025, Berkshire Hathaway disclosed another regulatory filing revealing yet another purchase of Occidental shares. As of now, Berkshire owns 264.9 million shares, valued at approximately $13 billion (~17 trillion KRW), making it the sixth-largest holding in Berkshire’s portfolio.
Why Does Buffett Favor Occidental Petroleum?
Buffett has multiple reasons for his strong confidence in Occidental. In an April 2023 CNBC interview, he praised Occidental Petroleum’s CEO, Vicki Hollub, stating that she “understands oil.”
A major factor influencing Buffett’s investment decision is Occidental’s commitment to carbon capture and storage (CCS) technology. With carbon emissions being a global concern, Occidental’s leadership in this sector has drawn Buffett’s attention.
In early 2024, Buffett reiterated in Berkshire Hathaway’s annual shareholder letter:
“We particularly like Occidental’s vast oil and gas reserves in the U.S. and its leadership in carbon capture technology.”
Energy Independence and Occidental’s Role
Buffett has emphasized that advancements in shale oil extraction technology have enabled the U.S. to achieve a level of energy independence. Occidental Petroleum plays a crucial role in this transformation and is positioned to maintain long-term stability in the industry.
Occidental Petroleum Stock Performance
Here is a recent snapshot of Occidental Petroleum Corp. (OXY) stock performance:
● Current Price: $48.84
● Price Change: +0.20000 (+0.41%)
● Day High: $48.92
● Day Low: $47.79
● Trading Volume: 12,687,888 shares
● Latest Trading Time: March 1, 2025 – 01:19 UTC
Key Takeaways
1️⃣ Buffett has consistently accumulated Occidental Petroleum stock over the past few years.
2️⃣ Occidental holds significant U.S. oil and gas reserves and is a leader in carbon capture technology.
3️⃣ Berkshire Hathaway currently owns 28.2% of Occidental, with the potential to increase ownership up to 50%.
4️⃣ Occidental remains undervalued, presenting strong long-term growth potential.