FILE - 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. — Billionaire Warren Buffett’s company bought more than $200 million worth of Occidental Petroleum’s shares over the past week, giving 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 late Monday. Berkshire has been steadily buying Occidental shares since last February when the price dipped below $60 apiece.
Occidental shares gained more than 3% 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. Berkshire now owns nearly $13 billion worth of Occidental’s common shares outright. It also holds $10 billion worth of preferred Occidental shares that pay an $800 million annual dividend and warrants to buy another 83.9 million shares at $59.62 each. Berkshire picked up those warrants and preferred shares in 2019 for helping finance Occidental’s acquisition of Anadarko.
I’m happy for him hope the weather’s nice in omaha
Keep it in the ground
Sverige Senaste nytt, Sverige Rubriker
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Buffett's company owns nearly 24% of Occidental PetroleumBerkshire Hathaway disclosed its latest purchases of 3.67 million shares in a filing with... Good for him.
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