Warren Buffett Can’t Keep His Hands Off Occidental as Berkshire Hathaway Buys More Stock

Berkshire Hathaway purchased more than $500 million of Occidental Petroleum stock recently and now holds a 16.3% stake in the big energy company, according to a regulatory filing late Wednesday.

Berkshire Hathaway (ticker: BRK/A, BRK/B) CEO Warren Buffett began buying Occidental Petroleum (OXY) stock earlier this year and Berkshire now owns 152.7 million shares after purchasing a total of 9.5 million shares this past Friday and Wednesday. The stake is now worth $8.5 billion.

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