According to a regulatory document, Berkshire Hathaway under Buffett increased its shareholding in Occidental Petroleum by more than $150 million in the past week.
According to a regulatory document, the 'stock god' Buffett's Berkshire Hathaway (BRK.A.US) (BRK.B.US) increased its stake in Occidental Petroleum (OXY.US) by more than $150 million in the past week, according to the Wisdom Financial APP.
According to a document submitted to the US Securities and Exchange Commission last Friday, Berkshire Hathaway disclosed that it purchased more than 2.5 million shares of Occidental Petroleum stock in three separate transactions from June 5th to June 7th, with a total value of more than $150 million.
Currently, Berkshire Hathaway's total holdings in this energy company have exceeded 250 million shares. As of March this year, its shareholding in Occidental Petroleum was about 28%.
Prior to this transaction, Occidental Petroleum and Berkshire Hathaway's energy division also announced the establishment of a new joint venture last Tuesday to extract and commercialize lithium from Berkshire's geothermal facilities in California.