Home Premium Crypto Reuters: Berkshire buys 9.9 million more shares of Occidental giving them a 17.4% stake in the company – #marketnews

Reuters: Berkshire buys 9.9 million more shares of Occidental giving them a 17.4% stake in the company – #marketnews

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Reuters: Berkshire buys 9.9 million more shares of Occidental giving them a 17.4% stake in the company – #marketnews

Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp, giving it a 17.4% stake in the oil company.

Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission.

Buffett’s company is Occidental’s largest shareholder, now owning 163.4 million shares worth about $9.9 billion.

Its stake is about 60% larger than that of Vanguard, the next largest shareholder, according to Refinitiv data.

Read the rest here: [ https://finance.yahoo.com/news/berkshire-hathaway-buys-9-9-031142523.html?fr=sycsrp\_catchall](https://finance.yahoo.com/news/berkshire-hathaway-buys-9-9-031142523.html?fr=sycsrp_catchall)

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