Warren Buffett Doubles Down on This Energy Stock, Investing $1.53 Billion

Reported 11 months ago

Warren Buffett's investment company Berkshire Hathaway recently increased its stake in Occidental Petroleum by 2.565 million shares, spending approximately $1.53 billion to acquire 25.7 million shares between June 6 and 7. Occidental Petroleum's stock price has been fluctuating, with a recent market value of $52.7 billion and closing at $59.48 on June 7. Berkshire Hathaway currently holds about 250.6 million shares of Occidental Petroleum, valued at approximately $14.9 billion at the latest stock price.

Source: YAHOO

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