Warren Buffett is not shy about making massive bets. Inside Berkshire Hathaway‘s portfolio of publicly traded shares, simply 10 positions comprise greater than 90% of its invested capital.
A type of positions is Occidental Petroleum (NYSE: OXY). Buffett and Berkshire are betting on this firm in a far higher means than most buyers notice.
Buffett and Berkshire are assured
In accordance with the latest filings, Berkshire’s publicly traded portfolio is price round $350 billion. It is essential to notice that that is only a piece of Berkshire’s whole asset base. It has, for instance, full possession over dozens of extra companies whose worth isn’t included on this determine. Nonetheless, this $350 billion portfolio is an effective way to see what Buffett and his funding crew are backing.
Occidental Petroleum is at present the sixth largest place on this portfolio, simply behind Chevron, one other oil and fuel producer. Berkshire owns round 250 million shares of Occidental Petroleum price round $14 billion in whole. Observe that Occidental Petroleum has a market cap of round $60 billion, which means Berkshire owns roughly one-quarter of the complete firm.
Berkshire first purchased shares within the first quarter of 2022. On the time, Occidental Petroleum shares traded between $20 and $30 per share. At the moment, the share worth is above $60. Nonetheless, Berkshire stays closely invested, with no share gross sales reported final quarter.
Occidental Petroleum and Chevron are the one oil and fuel stocks Buffett owns on this portfolio, however together, they symbolize roughly 10% of the portfolio’s whole worth. It is clear that somebody at Berkshire, perhaps even Buffett himself, loves Occidental Petroleum inventory.
Must you make investments $1,000 in Occidental Petroleum proper now?
Before you purchase inventory in Occidental Petroleum, take into account this:
The Motley Idiot Inventory Advisor analyst crew simply recognized what they consider are the 10 best stocks for buyers to purchase now… and Occidental Petroleum wasn’t certainly one of them. The ten shares that made the lower may produce monster returns within the coming years.
Think about when Nvidia made this checklist on April 15, 2005… if you happen to invested $1,000 on the time of our suggestion, you’d have $544,015!*
Inventory Advisor supplies buyers with an easy-to-follow blueprint for achievement, together with steerage on constructing a portfolio, common updates from analysts, and two new inventory picks every month. The Inventory Advisor service has greater than quadrupled the return of S&P 500 since 2002*.
*Inventory Advisor returns as of Could 3, 2024
Ryan Vanzo has no place in any of the shares talked about. The Motley Idiot has positions in and recommends Berkshire Hathaway and Chevron. The Motley Idiot recommends Occidental Petroleum. The Motley Idiot has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
