Warren Buffett’s Berkshire Hathaway continued purchasing Occidental Petroleum shares this week simply days after he informed investors that he had accumulated a 14% stake in the oil manufacturer
5 May 2022, 19: 31
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OMAHA, Neb. — Warren Buffett’s Berkshire Hathaway continued purchasing Occidental Petroleum shares this week simply days after he informed investors that he had accumulated a 14% stake in the oil manufacturer.
Berkshire Hathaway now manages 15.2% of Occidental’s stock after purchasing almost 5.9 million more shares on Monday and Tuesday. The corporation divulged the newest purchases in a filing with the Securities and Exchange Commission Wednesday.
Occidental’s shares opened at $63.56 Thursday after the disclosure priorto falling off to $61.97 in the afternoon.
Buffett stated at Berkshire’s yearly conference on Saturday that he packed up on Occidental shares earlier this year after reading a discussion the business put together