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Berkshire Hathaway Owns 17.4% of Occidental Petroleum After New Buys

·3 min read
Berkshire Hathaway Owns 17.4% of Occidental Petroleum After New Buys
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Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wednesday, Thursday and Friday. Berkshire Hathaway (Ticker BRK/A, BRK/B) now holds 163.4 million shares of Occidental Petroleum (OXY), a 17.4% stake, after buying a total of 9.9 million shares from Wednesday through Friday. Berkshire paid in a range of $57 to $60 a share for its latest purchases.