Tag: Occidental Petroleum

Warren Buffett’s Company Has Bet $47 Billion on the Oil Sector

August 9, 2022
Berkshire HathawayBusiness & MarketsCompanieseconomyInvestmentMarketsOccidental PetroleumstocksWarren Buffett
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OMAHA, Neb.—Warren Buffett’s company has bought up more than $11 billion worth of Occidental Petroleum stock this year, giving Berkshire Hathaway control of more than 20 percent of the oil producer. Occidental’s stock rose more than 3.5 percent on Tuesday to $62.18 after Buffett revealed his latest purchases of nearly 6.7 million Occidental shares worth…

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Berkshire Buys More Occidental Shares, Boosts Stake to 15.2 Percent

May 6, 2022
Berkshire Hathaway IncBusiness & EconomyCompaniesOccidental PetroleumUncategorizedUSUS News
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Warren Buffett’s Berkshire Hathaway Inc has bought another 5.9 million shares of Occidental Petroleum Corp, boosting its stake in the oil company to about 15.2 percent. The purchases were made on Monday and Tuesday and cost about $336 million, Berkshire said in a regulatory filing on Wednesday night. Following the purchases, Berkshire owned 142.3 million…

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Berkshire Hathaway Reveals $5 Billion Occidental Stake as Icahn Exits

March 8, 2022
Berkshire HathawayBusiness & EconomyCarl IcahnCompanieseconomic policieseconomyEuropeInternationalMarketsOccidental PetroleumOilRussiaRussia-Ukraine WarstakeUkraineUSUS NewsWarren BuffettWorld
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Warren Buffett’s Berkshire Hathaway Inc. revealed a more than $5 billion stake in Occidental Petroleum Corp., as oil prices soared to their highest level in about a decade. Berkshire said it owns 91.2 million Occidental shares, or nearly 10 percent of those outstanding, including 61.4 million bought from March 2 to March 4. Buffett’s company…

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