Reported 8 months ago
Warren Buffett's Berkshire Hathaway has increased its stake in Occidental Petroleum to nearly 29% by purchasing 7.3 million shares from June 5 to June 17, totaling 255.3 million shares. The prices paid ranged from $59.58 to $60.43 each, boosting Berkshire's ownership. Despite having warrants to buy more shares, Buffett has stated he does not intend to take control of the company. Occidental Petroleum's stock rose by 1.8% to $61.26, reflecting a 2.6% gain since the beginning of the year.
Source: YAHOO