Is Warren Buffett's interest in Occidental a bet against recession?

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Occidental Petroleum (NYSE: OXY) Delayed: 61.46 --0 (-0%)
Previous Close $61.46    52 Week High $78.48 
Open $61.46    52 Week Low $58.24 
Day High $61.46    P/E 8.37 
Day Low $61.46    EPS $7.34 
Volume 46,473