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Warren Buffett's Berkshire Hathaway piles another $44 million into Occidental Petroleum, adding to its $9 billion stake in the energy giant
1 month ago | By Business Insider
Warren Buffett. AP Images
Warren Buffett's Berkshire Hathaway bought another $44 million of Occidental Petroleum stock.
Berkshire now holds 153.5 million shares, giving it a 16.4% stake in the energy company.
It also owns $10 billion of Occidental's preferred stock, and 84 million stock warrants.
Warren Buffett's Berkshire Hathaway plowed another $44 million into Occidental Petroleum last Thursday, boosting its bet on the oil-and-gas company to around $9 billion. The billionaire investor's conglomerate bought around 794,000 shares for about $55.40 each, a SEC filing revealed this week. It...
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