Buffett’s Berkshire Hathaway Raises Occidental Stake to 29%
Berkshire Hathaway has recently bought another nearly 3 million shares in Occidental Petroleum, boosting its stake to almost 29%, Warren Buffett’s conglomerate said in an SEC filing this week. Over the three trading days to June 17, Berkshire Hathaway acquired as many as 2,947,611 common stock of Oxy, at a price of around $59 each. Berkshire Hathaway now owns 255,281,524 common Oxy shares, or nearly 29%, according to the filing. Buffett’s stake in Oxy was worth about $15.37 billion as of Monday. Over the past…