Berkshire Hathaway Boosts Its Stake In Occidental Petroleum To Over 23%

Berkshire Hathaway, the investment vehicle of Warren Buffett, has bought another batch of shares in Occidental Petroleum, pushing its total stake to 23.1 percent. Citing a regulatory filing, Reuters reported the investment company had bought 7.9 million shares in Occidental, paying $466.68 million for them. Earlier this month, Berkshire again bought Oxy stock, at around 5.8 million shares, for which it paid $350 million. After that sale, the total amount of shares Berkshire held in Occidental stood at 200.2 million shares worth around $12.2 billion.…