OMAHA, Neb.—Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 percent of the oil producer. A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million. The latest purchases give Berkshire more than…
Warren Buffett’s Firm Buys More Occidental Petroleum and Now Owns More Than 25 Percent of the Oil Producer
Buffett’s Company Buys Nearly 6 Million More Occidental Shares
OMAHA, Neb.—Warren Buffett’s company picked up another $368 million worth of Occidental Petroleum stock this week to give it control of nearly 21 percent of the oil producer. These are the first purchases Berkshire Hathaway has made since regulators gave it approval last month to buy up to 50 percent of Occidental, but since February…
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