Warren Buffett's Berkshire Hathaway Buys 9.9 Million Additional Shares Of Occidental Petroleum

by Bibhu Pattnaik Benzinga Staff Senior Writer

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Berkshire Hathaway Inc now owns 163.4 million shares, worth about $9.9 billion, in the Occidental.
Berkshire also had a $25.9 billion stake in oil company Chevron Corporatio.
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Warren Buffett-owned Berkshire Hathaway Inc. (NYSE: BRK-A) has picked up 9.9 million additional shares of Occidental Petroleum Corporation OXY.

According to the U.S. Securities and Exchange Commission filing, Berkshire paid close to $582 million for the shares.
Berkshire Hathaway now owns 163.4 million Occidental Petroleum shares, a 17.4% stake in the company, worth about $9.9 billion.
Berkshire now holds warrants to purchase another 83.9 million Occidental shares for $5 billion.
Occidental acquired Anadarko Petroleum Corp for $35.7 billion in 2019.
Berkshire also had a $25.9 billion stake in oil company Chevron Corporation CVX at the end of March.

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