I have never trade any $OXY stocks before; but if someone has I would like to know your thoughts.
Here’s my theory why Warren is buying $OXY
Their subsidiary company 1pointfive is partnering with an engineering company to build 70 air carbon capture factory by 2035. One of those air carbon capture will be built in Texas. These carbon capture companies can sell carbon offset credits to energy companies. Upon research Farmers can sell carbon offset credits, a government has to certify your operation of reducing carbon emission.
I think Carbon offset credits will be a tradable market in the future. OXY plans to operate as a binary company.
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