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Stock Market News

Buffett’s Berkshire Adds Another ~$52M in Occidental Petroleum Stock

05/13/2022

Less than a minute

2022.05.13 14:41

Buffett's Berkshire Adds Another ~$52M in Occidental Petroleum Stock
Buffett’s Berkshire Adds Another ~$52M in Occidental Petroleum (OXY) Stock

In a filing late Thursday, Warren Buffett’s Berkshire Hathaway (NYSE:BRKa) disclosed it bought another 901,774 shares of Occidental Petroleum (NYSE:OXY) common shares at $57.32-$57.34.

The latest purchase brings the stake to 143,162,392 common shares and 100,000 Series A Preferred shares.

The value of the latest purchase was $51.7 million and the common stock portion is now worth around $8.5 billion.

Occidental shares are up 104% year-to-date, while the S&P 500 is down 17.5% year-to-date.

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05/13/2022

Less than a minute