:max_bytes(150000):strip_icc()/GettyImages-21508794572-f1d1eb85273e4142b6ad2d221bc43ac3.jpg?w=1920&resize=1920,1267&ssl=1 "Warren Buffett’s Berkshire Hathaway Grows Stake in Occidental Petroleum | Global News Avenue")
Warren Buffett’s Berkshire Hathaway Grows Stake in Occidental Petroleum
:max_bytes(150000):strip_icc():format(jpeg)/GettyImages-21508794572-f1d1eb85273e4142b6ad2d221bc43ac3.jpg)
Key Points
- Warren Buffett’s Berkshire Hathaway bought 763,017 shares of Occidental for $35.7 million on Friday, according to regulatory filings on Tuesday.
- The investment company has increased its stake in recent years, but Buffett said he has no interest in owning a majority stake in the company.
- The stock has fallen by about 17% over the past year.
Warren Buffett’s Hathaway (brk.a,,,,, bk.b) Purchased 763,017 shares of Occupy Oil (oxygen) $35.7 million on Friday, according to regulatory filings on Tuesday.
Berkshire Hathaway has increased its stake in Houston-based energy company in recent years, with the latest purchase price bringing its stake in the company up to 28.2%.
Berkshire has it too Warrants After helping Fanance Octidental acquire Anadarko Petroleum in 2019, it bought another 83.9 million shares of the company for $59.62 per person.
Despite continued investment, Buffett says Berkshire Don’t plan Control the company. According to the November document, the West is Berkshire’s sixth largest holding.
Western stocks slid 1.7% to $47.82 on Wednesday, losing about 17% over the past year.
:max_bytes(150000):strip_icc()/GettyImages-21508794572-f1d1eb85273e4142b6ad2d221bc43ac3.jpg?w=1200&resize=1200,0&ssl=1&description=Warren+Buffett%E2%80%99s+Berkshire+Hathaway+Grows+Stake+in+Occidental+Petroleum+%7C+Global+News+Avenue){kind=link}