Berkshire Hathaway Increases Investment in Occidental
Has been steadily acquiring shares in petroleum giant.
Has been steadily acquiring shares in petroleum giant.
The renowned investor commenced acquiring shares in the energy firm in 2022.
Acquiring a stake of over 20% in the company, Buffett's journey with Occidental stock began in 2019.
Recently engaged in seven new stock acquisitions during the second quarter of 2024.
It seems Buffett is on the lookout for the next major investment opportunity.
Warren Buffett’s $13 billion stake in Occidental Petroleum has experienced a downturn, with share prices falling 29% since mid-April.
Stands as Berkshire's seventh-largest investment.
Berkshire's significant involvement with Occidental first began in 2019.
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