Occidental Petroleum (OXY) is not just another oil company. It’s a heavyweight in fossil fuel production, chemicals, and carbon capture

Warren Buffett purchased roughly $35 million worth of Occidental Petroleum stock on February 7, as revealed by a recent SEC filing.

The Oracle of Omaha scooped up shares of three stocks -- including two legal monopolies -- and dumped close to $1.3 billion worth of another during the December-ended quarter.

Warren Buffett's cash reserves have been at all-time highs but he's put some of that back to work, scooping up more shares Occidental Petroleum, building his stake to more than 28% in the company. Buffett's Berkshire Hathaway purchased 763,

Occidental Petroleum a favorite of Warren Buffett continues to record losses even as the billionaire maintains confidence in the company

Key Takeaways Warren Buffett’s Berkshire Hathaway purchased 763,017 shares of Occidental Petroleum on Friday for $35.7 million, according to a regulatory filing Tuesday.The investment firm has grown its stake in recent years,