Berkshire Hathaway Owns 17.4% of Occidental Petroleum After New Buys

Updated July 2, 2022 9:53 am ET / Original July 2, 2022 9:38 am ET

  • Order Reprints
  • Print Article

Berkshire Hathaway continued to buy more shares of Occidental Petroleum in recent days, purchasing a total of about $580 million of stock on Wednesday, Thursday and Friday. That lifted its stake in the large energy company to $9.9 billion, according to a filing late Friday.

Berkshire Hathaway (Ticker BRK/A, BRK/B) now holds 163.4 million shares of Occidental Petroleum (OXY), a 17.4% stake, after buying a total of 9.9 million shares from Wednesday through Friday. Berkshire paid in a range of $57 to $60 a share for its latest purchases. Occidental shares gained 2.7% to $60.44 Friday.

 » Read More  » Read More

Tags: No tags

Comments are closed.