Will Occidental Petroleum Be Buffett's Next Elephant?
Crude prices fell another $2 per barrel on Thursday, moving to around $104 per barrel, and oil's broader decline from the $120s has had a big impact on producers like Occidental Petroleum (NYSE: OXY). Occidental stock didn't move much on Thursday, picking up about half a percent. Berkshire has a large-enough position in Occidental already that it has to report additional acquisitions to the U.S. Securities and Exchange Commission.