Why Warren Buffett loves oil giant Occidental Petroleum

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Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp

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In what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc.

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On Friday won approval to buy as much as 50% of the shares.

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Some investors believe it’s a step toward a full takeover, which may end up costing more than $50 billion.

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Inflation looks to be the mega-trend for the first half of the 2020s and crude oil is one of the best natural hedges out there.

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