Zinger Key Points
- 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.
- China’s new tariffs just reignited the same market patterns that led to triple- and quadruple-digit wins for Matt Maley. Get the next trade alert free.
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.
Also Read: This Warren Buffett-Backed Chinese EV Maker Reports June Sales Up Over 240% From A Year Ago
CVXChevron Corp
$137.01-0.21%
Edge Rankings
Momentum
34.89
Growth
35.05
Quality
-
Value
80.91
Price Trend
Short
Medium
Long
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