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Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase

·2 min read
Berkshire Holds 16.4% of Occidental Petroleum After Recent Purchase
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Berkshire Hathaway continued to add to its stake in Occidental Petroleum buying 794,000 shares this past Thursday, lifting its stake to 16.4% of the big U.S. energy company, according to a filing late Monday. Berkshire Hathaway (Ticker BRK/A, BRK/B) led by CEO Warren Buffett had purchased a total of 9.5 million shares on June 17 and June 22. Berkshire’s stake in Occidental Petroleum (OXY) now totals 153.5 million shares and is worth $9 billion.