From NASDAQ: 2024-05-18 05:48:00

Warren Buffett has shown a strong interest in Occidental Petroleum (NYSE: OXY) due to its focus on carbon capture and storage (CCS). The company aims to use this technology to produce “net-zero” oil. ExxonMobil predicts CCS could become a $4 trillion business by 2050, making Occidental a leader in this market.

Buffett has been buying shares of Occidental, selling off some of his stake in Apple (NASDAQ: AAPL). While Occidental is part of Berkshire Hathaway’s long-term holdings list, Apple remains a key player in the portfolio. Both companies offer unique investment opportunities, with Occidental focused on CCS and Apple expected to make strides in artificial intelligence (AI).

Considering investing in Occidental Petroleum? While the Motley Fool’s Stock Advisor team didn’t include it in their top 10 stock picks, the service has a history of outperforming the S&P 500. With guidance on portfolio building and regular updates, Stock Advisor provides valuable insights for investors. Keep an eye on emerging opportunities like CCS and AI in the market.



Read more at NASDAQ: Could Warren Buffett Like This Stock More Than Apple Because of Its Once-in-a-Generation Opportunity?