Is Warren Buffett’s Favorite Energy Stock Overhyped? ...Middle East

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Is Warren Buffett’s Favorite Energy Stock Overhyped?
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Over the past few years, Permian shale giant Occidental Corp.(NYSE:OXY) has become a darling of billionaire investors. Back in 2019, famous activist investor Carl Icahn bought a 2.5% stake in OXY stock before doubling down a year later by raising his stake to nearly 10% as he fought to take control of the oil producer. Icahn was campaigning for the ouster of CEO Vicki Hollub, his beef with the company being Occidental’s outbidding of Chevron Corp. (NYSE:CVX) in a May 2019 deal to buy Anadarko Petroleum with $10…

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