Chevron Corp.

Occidental Petroleum Corp.

If Buffett is adding $OXY and $CVX, he's looking beyond a two-year bull market on oil markets. IMHO, this is a strong endorsement that E&P companies will not run crazy Capex plans.

[**I wrote an entire post about it. Read it to understand the underlying fundamentals.**](https://blog.girolino.com/food-for-thought-13/)

![](https://cdn.commonstock.com/14d416ef948d72cb58d0cf89cbbda196e036ae0b32e0c3dd0ce7ef37e6122314-636x680.png)

I agree, no capex going forward, and buy quality. I thinks that's what is underlying this play.

Modern Growth Investing

https://blog.girolino.com/food-for-thought-13/

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Why is Buffett buying oil companies?

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