Sign In  |  Register  |  About San Rafael  |  Contact Us

San Rafael, CA
September 01, 2020 1:37pm
7-Day Forecast | Traffic
  • Search Hotels in San Rafael

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Warren Buffet's Berkshire Hathaway ups stake in Occidental Petroleum, again

Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million of the company’s stock, according to an SEC filing.

Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum this week, taking on another 3.9 million units of the company’s stock at an average price of roughly $63 per share.

According to a filing with the Securities and Exchange Commission (SEC), Berkshire Hathaway has upped its holdings from 25.1% to 25.8% of the oil producer

Shares of the energy company drifted lower on Thursday.

Berkshire’s latest purchase brings its total to 228 million shares worth $14.5 billion. Buffett’s Hathaway made its last purchase of Occidental in June, when it raised its stake to 224.1 million at just over $57 per share. 

BERKSHIRE HATHAWAY SHEDS OVER 5 MILLION SHARES FROM HP INC STAKE

While Berkshire Hathaway has regulatory approval to acquire as much as 50% of Occidental Petroleum, Buffett said at the company’s annual meeting this summer that he is not seeking to control the Texas-based energy company.

CHEVRON TO ACQUIRE HESS IN $53 BILLION DEAL

A LOOK AT PAST OIL SHOCKS, ISRAEL'S WAR AND IRAN AS WILD CARD

In addition to Occidental Petroleum, Berkshire holds equity in a variety of companies, including longtime holdings; American Express, Coca-Cola, Chevron and a more recently homebuilders D.R. Horton and Lennar. 

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 SanRafael.com & California Media Partners, LLC. All rights reserved.