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Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
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Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday.
Berkshire purchased the shares between Dec. 19 and Dec.
21 for about $312.1 million, with its stake in Occidental totaling to 27.7%, a filing with the U.S. Securities and Exchange Commission showed.
Last week, Berkshire Hathaway acquired nearly 10.5 mln shares of Occidental for about $588.7 mln after the company agreed to buy U.S.
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