$OXY
Added 2023-06-05 12:24:57 +0000 UTCNo changes here to the chart. The Saudis have announced over the weekend that they will reduce oil production by 1 million barrels per day, this has pushed many oil stocks up in the PM today. Statements like this can happen at any stage, it is worth holding a diversified stock like oil to capture this momentum, especially one with the fundamentals like $OXY and having Buffet continue to increase his position.
As I have said many times before, $OXY is not just an oil company, it is focusing a lot on its carbon capture department, a potentially very lucrative market, with a lot of tax benefits, $OXY so far are leading this industry.
