Reported 11 months ago
Warren Buffett's investment company, Berkshire Hathaway, has recently purchased 2.57 million shares of Occidental Petroleum. With over $150 million spent between June 5th and 7th, Berkshire Hathaway now holds approximately 28% of Occidental Petroleum's shares, totaling around 250.6 million shares. Buffett is keen on Occidental Petroleum's business strategy, indicating interest in buying more shares if the stock price falls below $60, despite the recent 1% drop with shares closing at $59.48 on Friday.
Source: YAHOO