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-0.000330797221303275 -0.0265815249751903 -0.000165398610651638 -0.000330797221303275 -0.00396791266953355 -0.00248097915977503 -0.00529275554085346 -0.00264637777042667
Stock impact report

Occidental Petroleum: Why Care About Warren Buffett [Seeking Alpha]

Occidental Petroleum Corporation (OXY) 
Last occidental petroleum corporation earnings: 2/27 04:13 pm Check Earnings Report
US:NYSE Investor Relations: oxy.com/investors/pages/default.aspx
Company Research Source: Seeking Alpha
peshkov/iStock via Getty Images(Note: This article appeared in the newsletter June 30, 2022.)Warren Buffett certainly makes the news whenever he decides upon a strategy. His latest move buying Occidental Petroleum (NYSE:OXYwhether or not he buys the whole company. Idle talk may well be a waste of time as far as investing strategy goes. But acting upon whatever Warren Buffett does could engender an even worse result.Warren Buffett does have a darn good track record. But that does not mean that jumping into whatever he has purchased lately will produce a good result for whatever time frame you're looking at. Large investors like Warren Buffett concentrate on large companies because a large company is the only thing that will "move the needle." Furthermore, his moves often generate significant moves in a company stock that often retrace after the initial attention fades.The best way to duplicate whatever Mr. Buffett decides is likely to be the purchase of Berkshire Hathaway (BRK.ABRK.BTh Show less Read more
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