Reported 8 months ago
Warren Buffett's Berkshire Hathaway has increased its stake in Occidental Petroleum to nearly 29%, making it its sixth-largest stock holding. Buffett has been buying more OXY shares whenever the price falls near or below $60, setting a floor on the share price. Berkshire's bet on oil, including the preferred share investment in OXY, totals almost $43 billion. Buffett has been a vocal supporter of Occidental Petroleum, helping finance the company's acquisition of Anadarko Petroleum in 2019.
Source: YAHOO