Reported 8 months ago
Investment legend Warren Buffett has been increasing Berkshire Hathaway's stake in Occidental Petroleum over nine days, reaching nearly 29% ownership. Despite previous predictions of an acquisition, Buffett stated they wouldn't take control of the company. Berkshire's interest in Occidental remains somewhat unclear, with speculation ranging from diversification to the company's history in carbon capture technology. While Buffett's recent buying spree may not indicate a broader energy sector strategy, it does shed light on Berkshire's investment decisions.
Source: YAHOO