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Why is Warren Buffett betting on oil?

Date: May 29, 2024 Time: 20:55:05

In the midst of the energy transition and renewable energies, the legendary investor, Warren Buffett, has invested more than $35 billion in the oil industry through Berkshire Hathaway. Specifically, he has made a large investment in shares of Chevron and Occidental Petroleum, two of the largest producers in the Permian basin, the great oil heart of the United States.

Now, why is Warren Buffett betting so heavily on a sector that many consider dead? What are the biggest risks and the biggest opportunities that we can find when investing in crude oil? What exactly is the reality of this industry? We tell you all the details in this new video here on If I Had Known.

Subscribe to our channel and you will discover the keys to investing your money, as well as to stay up to date with everything that happens in the markets.

Content created by Mutuativos and narrated by Alayans Studio.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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