Warren Buffett was wrong on oil before. This time he thinks he's right.
One of the most successful stock pickers of all time admitted years ago that he was ‘dead wrong’ on an earlier oil-company investment. What’s changed? The answer could come this weekend.
Vicki Hollub, chief executive of Occidental Petroleum, has focused on paying down the company’s debt load, paying dividends and buying back the company’s stock—moves that analysts and investors say likely resonated with Warren Buffett.
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