Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum

Stock Markets Jul 03, 2022 18:40
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum

Warren Buffett-owned Berkshire Hathaway Inc . (NYSE:BRKa) (NYSE: BRK-A) has picked up 9.9 million additional shares of Occidental Petroleum Corporation (NYSE: NYSE:OXY).

  • According to the U.S. Securities and Exchange Commission filing, Berkshire paid close to $582 million for the shares.
  • Berkshire Hathaway now owns 163.4 million Occidental Petroleum shares, a 17.4% stake in the company, worth about $9.9 billion.
  • Berkshire now holds warrants to purchase another 83.9 million Occidental shares for $5 billion.
  • Occidental acquired Anadarko Petroleum Corp (NYSE:APC) for $35.7 billion in 2019.
  • Berkshire also had a $25.9 billion stake in oil company Chevron Corporation (NYSE: NYSE:CVX) at the end of March.
Also Read: This Warren Buffett-Backed Chinese EV Maker Reports June Sales Up Over 240% From A Year Ago

© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Read at Benzinga

Read the original article on Benzinga

Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (3)
David Hawley
David Hawley Jul 03, 2022 20:20
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Berkshire Hathaway likes to notify its followers just after its bought a load of shares in a company, because they know that a whole host of private investors will follow suit...giving it an instant profit on its investment. They never say...we are going to buy shares in this company
Arno Pfohl
Arno Pfohl Jul 03, 2022 18:47
Saved. See Saved Items.
This comment has already been saved in your Saved Items
oil price hitting 380 dollars per barrel.
Zahid Khan
Zahid Khan Jul 03, 2022 18:43
Saved. See Saved Items.
This comment has already been saved in your Saved Items
If oil price come down….
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email