Updated July 7, 2022 7:48 pm ET / Original July 7, 2022 7:27 pm ET
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Berkshire Hathaway added to its large stake in Occidental Petroleum and now holds 18.7% of the energy company after buying 12 million shares on Tuesday and Wednesday, according to a filing late Thursday.
Berkshire Hathaway (Ticker BRK/A, BRK/B) now owns 175.4 million shares of Occidental Petroleum (OXY) that are worth $10.8 billion after buying $700 million of stock on Tuesday and Wednesday. The latest purchases follow the buying of nearly 10 million shares from June 29 to July 1. Occidental shares were up 4% Thursday to $61.47.