Warren Buffett’s Berkshire Hathaway (NYSE:BRK, BRK.B)) is at it again, buying up more shares of Occidental Petroleum (NYSE:OXY). On Feb. 7, Berkshire added 763,017 shares to its portfolio for about $35.7 million.
That brings its total stake in the Houston-based oil and gas giant to 28.3%, making it Occidental’s largest shareholder. According to Investors Business Daily, this follows a pattern—Berkshire has been steadily increasing its investment despite Occidental’s stock taking a hit in recent months.
Don’t Miss:
- BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.
- Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
The company’s stock has had a rough ride, down nearly 32% from its peak in April. Last year alone, it dropped more than 17%, mostly due to weakening oil prices.
Declining crude oil prices have put pressure on energy stocks across the …
Full story available on Benzinga.com
Warren Buffett’s Berkshire Hathaway (NYSE:BRK, BRK.B)) is at it again, buying up more shares of Occidental Petroleum (NYSE:OXY). On Feb. 7, Berkshire added 763,017 shares to its portfolio for about $35.7 million.
That brings its total stake in the Houston-based oil and gas giant to 28.3%, making it Occidental’s largest shareholder. According to Investors Business Daily, this follows a pattern—Berkshire has been steadily increasing its investment despite Occidental’s stock taking a hit in recent months.
Don’t Miss:
- BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.
- Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
The company’s stock has had a rough ride, down nearly 32% from its peak in April. Last year alone, it dropped more than 17%, mostly due to weakening oil prices.
Declining crude oil prices have put pressure on energy stocks across the …
Full story available on Benzinga.com
Warren Buffett’s Berkshire Hathaway (NYSE:BRK, BRK.B)) is at it again, buying up more shares of Occidental Petroleum (NYSE:OXY). On Feb. 7, Berkshire added 763,017 shares to its portfolio for about $35.7 million.
That brings its total stake in the Houston-based oil and gas giant to 28.3%, making it Occidental’s largest shareholder. According to Investors Business Daily, this follows a pattern—Berkshire has been steadily increasing its investment despite Occidental’s stock taking a hit in recent months.
Don’t Miss:
BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.
Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
The company’s stock has had a rough ride, down nearly 32% from its peak in April. Last year alone, it dropped more than 17%, mostly due to weakening oil prices.
Declining crude oil prices have put pressure on energy stocks across the …Full story available on Benzinga.com Read MoreBRK, news access, OXY, Startups Access, Warren Buffett, Markets, OXY, US6745991058, BRK, Markets, Benzinga Markets
