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Warren Buffett's Favorite Energy Stock Saw Q1 Profit Fall 40% As Oil Prices Retreat

Warren Buffett's Favorite Energy Stock Saw Q1 Profit Fall 40% As Oil Prices Retreat

Warren Buffett-backed Occidental Petroleum reported mixed first-quarter earnings and revenue late Tuesday, as EPS caved more than 40%s. OXY shares edged down early Wednesday. Occidental Petroleum saw Q1 earnings fall 42% to 63 cents per share while revenue declined 17% to $5.