Buffett's Berkshire stocks up on more Occidental Petroleum shares

Warren Buffett's Berkshire Hathaway is back to increasing its stake in Occidental Petroleum.

Berkshire was very active in buying shares of the company in the past year but hasn't added to its holding of the oil exploration and manufacturing company in five months.now has about a 22.2% stake, according to a regulatory filing.Berkshire chief Warren Buffett. Berkshire's last purchase of Occidental shares was in September, giving the company a 21.4% stake at the end of last year.Buffett's company now owns about 200.2 million Occidental shares worth $12.2 billion, based on Tuesday's closing price of $60.85.

Buffett has an amazing track record, he will be right on this also, as oil has sold off for the past 2 months.

He touts Green Energy while making a fortune on fossil fuels.

Wondering why he’s buying oil and Pilot stations

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Stocks making the biggest premarket moves: CrowdStrike, Occidental Petroleum, Tesla and moreMore buying from Warren Buffett's Berkshire Hathaway appears to be boosting Occidental Petroleum. All medias always sell panic and fear while organizations are buying all. Check data
La source: CNBC - 🏆 12. / 72 Lire la suite »