Is Occidental Petroleum in Trouble? Warren Buffett Doesn't Think So.
As oil prices go, so goes Occidental Petroleum's (NYSE: OXY) share price. And both are going down.
Oil prices have fallen in large part because of slower demand from China. As a result, Occidental stock is now close to 14% below its high set earlier this year while the overall stock market has risen.
Is Occidental in trouble? Warren Buffett doesn't think so.
Source Fool.com