Buffett's company owns nearly 24% of Occidental Petroleum

Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., May 7, 2018. Buffett's company, Berkshire Hathaway Inc., bought more than $200 million more Occidental Petroleum stock over the past week to give it control of 23.6% of the oil producer's stock. Berkshire Hathaway disclosed its latest purchases of 3.67 million shares in a filing with the Securities and Exchange Commission on Monday evening, March 27, 2023.OMAHA, Neb.

Occidental shares gained more than 3 percent Tuesday to sell for $61.61 after Berkshire's latest purchases were revealed. Many investors follow Buffett's actions because he is regarded as one of the greatest investors ever. Buffett doesn't routinely comment on Berkshire's stock purchases beyond what he is required to disclose, and he didn't immediately respond to questions about this Occidental investment Tuesday morning.

Good for him.

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