Wiki Finance EXPO Asia 2022: Why Warren Buffett Loves Oil Giant Occidental Petroleum

WikiFX is going to hold a two-day “Wiki Finance EXPO Asia 2022” at AsiaWorld-Expo on December 16-17, 2022, from 9am to 6 pm.As the world's largest financial expo for enterprises and end users, WikiExpo is going to be held in Asia for the 7th time. In the midst of a global energy crisis, the expo is attracting a number of participants - there are over 1,500 exhibitors, and hundreds of world-renowned analysts and KOLs will reveal the real reason why Warren Buffett is embracing Occidental Petroleum!

Against the backdrop of a global energy crisis exacerbated by the Russia-Ukraine conflict, Elon Musk, the world's richest man, took advantage of the opportunity to sell over a million new energy vehicles Tesla, and claimed to build more mega-factories in the future, with Tesla's cumulative annual production capacity reaching 100 million units in 10 years. In addition, Musk has previously called hydrogen fuel cell vehicles “extremely silly,” referring to the technology as “fool sells”.

In contrast, Warren Buffett has been buying China's king of new energy vehicles, BYD, for 14 years, and is in favour of the old energy source, Occidental Petroleum (OXY). Buffett's practice of “buying the old and discarding the new” is obviously contrary to the current trend of embracing the wave of “new energy”, which has sparked much concern among global investors. So why does Buffett keeps supporting Occidental Petroleum while Musk is preoccupied with selling new energy vehicles？ Wiki Finance EXPO Asia 2022 is going to reveal the truth behind Buffetts move!