Warren Buffett's Berkshire Hathaway increases its stake in Occidental Petroleum

Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) acquired more shares Occidental Petroleum Corporation (NYSE: oxy), increasing its stake to about 23.1%, according to a regulator Admission,
Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15, according to the filing.
Earlier this month, Berkshire Hathaway resumed purchases of Occidental Petroleum shares after a five-month hiatus.
The Berkshire Hathaway company now holds approximately 208.04 million Occidental shares valued at $11.81 billion based on Wednesday’s closing price of $56.80.
Read also: What’s Happening With Occidental Petroleum Stock After Hours?
Berkshire Hathaway bought More than 5.8 million shares of Occidental Petroleum were sold between March 3 and March 7, being the first purchase of Occidental shares disclosed by Berkshire Hathaway since September 2022, according to a Reuters report, which lists the Buffett-owned firm’s current portfolio. holds the stake. Company at 22.2%,
Price Action: OXY shares are up 0.62% at $57.15 during the premarket session on Thursday.
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Warren Buffett’s Berkshire Hathaway increases its stake in Occidental Petroleum