© Reuters. FILE PHOTO: FILE PHOTO: The emblem for Occidental Petroleum is displayed on a display screen on the ground on the New York Inventory Trade (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Picture
(Reuters) – Warren Buffett’s Berkshire Hathaway (NYSE:) Inc bought extra Occidental Petroleum Corp (NYSE:) shares, growing its stake within the oil firm to about 23.1%, a regulatory submitting confirmed on Wednesday.
Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15, in line with the submitting.
Earlier this month, filings revealed that Berkshire Hathaway had resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus.
The Omaha, Nebraska-based firm firm now owns about 208.04 million Occidental shares price $11.81 billion, based mostly on Wednesday’s closing worth of $56.80.
Berkshire started shopping for massive portions of the Houston-based firm’s inventory about one yr in the past.
Leave a Reply