Investing
Berkshire Hathaway buys more Occidental shares, stake rises to 23.1%
© Reuters. FILE PHOTO: FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo
(Reuters) – Warren Buffett’s Berkshire Hathaway (NYSE:) Inc purchased more Occidental Petroleum Corp (NYSE:) shares, increasing its stake in the oil company to about 23.1%, a regulatory filing showed on Wednesday.
Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15, according to the filing.
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 company company now owns about 208.04 million Occidental shares worth $11.81 billion, based on Wednesday’s closing price of $56.80.
Berkshire began buying large quantities of the Houston-based company’s stock about one year ago.
Read the full article here
A Macy’s Employee Made Accounting Errors Worth $132 Million
Elon Musk Taught Himself to Code. Now It’s Your Turn.
5 Ways to Hire and Retain Top Talent in 2025
3 Simple Tips for Increasing Your Annual Recurring Revenue
Palantir assigned Street-high targets by Wedbush and BofA By Investing.com
How to Create a Unique Value Proposition (With Tips & Examples)
The DOJ Reportedly Wants Google to Sell Its Chrome Browser
Are You Missing These Hidden Warning Signs When Hiring?
7 Common Things You Should Never Buy New
This All-Access Pass to Learning Is Now $20 for Black Friday
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles6 days agoHow to Create a Unique Value Proposition (With Tips & Examples)
-
Side Hustles6 days agoThe DOJ Reportedly Wants Google to Sell Its Chrome Browser
-
Investing5 days agoAre You Missing These Hidden Warning Signs When Hiring?
-
Make Money5 days ago7 Common Things You Should Never Buy New
-
Investing2 days agoThis All-Access Pass to Learning Is Now $20 for Black Friday
-
Side Hustles3 days agoApple Prepares a New AI-Powered Siri to Compete With ChatGPT
-
Passive Income2 days agoHow to Create a Routine That Balances Rest and Business Success
-
Investing5 days agoGoogle faces call from DuckDuckGo for new EU probes into tech rule compliance By Reuters