imaginima/E+ via Getty Images Occidental Petroleum ( OXY ) is a major oil and gas producer and one of Warren Buffett’s biggest investments in the past decade. OXY's stock performance has largely been flat in the past few years, which makes it intriguing. Is Buffett seeing something that the market is missing again? OXY stock price ( StockCharts.com ) I did not comment on OXY when the latest Middle...
imaginima/E+ via Getty Images Occidental Petroleum ( OXY ) is a major oil and gas producer and one of Warren Buffett’s biggest investments in the past decade. OXY's stock performance has largely been flat in the past few years, which makes it intriguing. Is Buffett seeing something that the market is missing again? OXY stock price ( StockCharts.com ) I did not comment on OXY when the latest Middle East conflict started on February 28, 2026; like many others, I was unsure of what to make of it. Without getting too much into the politics, by now it seems more likely that this conflict will fester for a long time and will not end anytime soon. So I’m revisiting OXY as a potential investment—if oil & energy are good long-term investments, then why not start with the stock Buffett bought? 1. When All Eggs in One Basket is Actually Better During the past twenty or so years when globalization was going well, being globalized had diversification and growth advantages. Starbucks ( SBUX ) or Apple ( AAPL ) could reach billions of new customers around the world, say in Russia, China, or the Middle East, generating massive growth and also diversifying across regions. But ever since COVID, diversification across regions has become more and more of a negative. Supply chain “disruptions” are becoming more and more frequent, and the current Middle East conflict could create even more disruptions if it lasts several months (or even years), ranging from the obvious (oil) to the less obvious (helium, semiconductors, fertilizer, food, aluminum, data centers, just to give a few examples), etc. If the crisis lasts long enough, it may irreparably shift supply chains for decades to come. Sure, it may be more cost-efficient to source low-cost natural gas and helium in the Middle East, but when semiconductor factories are idle because of a lack of helium and hundreds of billions of orders are unfulfilled or cancelled and even market share is lost to those with natural resources, then sourcin...
Hong Kong rescuers are searching for a man who has been missing since Saturday, with authorities discovering one of the 81-year-old man’s shoes nearly 20 hours into the operation. Police said on Sunday that the man, surnamed He, was hiking with his wife along Section 10 of the MacLehose Trail at around 10am the day before. The couple had been heading in the direction of the Tai Lam Chung Reservoir...
Hong Kong rescuers are searching for a man who has been missing since Saturday, with authorities discovering one of the 81-year-old man’s shoes nearly 20 hours into the operation. Police said on Sunday that the man, surnamed He, was hiking with his wife along Section 10 of the MacLehose Trail at around 10am the day before. The couple had been heading in the direction of the Tai Lam Chung Reservoir in Tuen Mun, the force said. According to a social media post from the man’s adult child, he split...
Energy demand from AI is surging. Altimetry highlights MasTec, Regal Rexnord and EQT as top energy plays, while warning investors to avoid CoreWeave and Oklo.
Energy demand from AI is surging. Altimetry highlights MasTec, Regal Rexnord and EQT as top energy plays, while warning investors to avoid CoreWeave and Oklo.
OPEC+ members plan to raise their production quotas for May, in a symbolic move as the Middle East conflict constrains production and shipments from several of the alliance’s largest members. A core group of members has an agreement in principle to increase production levels by about 206,000 barrels per day when they meet virtually later on Sunday, according to two delegates who asked not to be id...
OPEC+ members plan to raise their production quotas for May, in a symbolic move as the Middle East conflict constrains production and shipments from several of the alliance’s largest members. A core group of members has an agreement in principle to increase production levels by about 206,000 barrels per day when they meet virtually later on Sunday, according to two delegates who asked not to be identified discussing private deliberations.