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Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

Summary by CNBC
The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

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Warren Buffett's Berkshire buys more Occidental after 30% sell-off from record high

The Omaha, Nebraska-based conglomerate scooped up 763,000 shares of the Houston-based oil and gas producer on Friday for $35.7 million, according to a filing.

·United States
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themarketsdaily.comthemarketsdaily.com

Insider Buying: Occidental Petroleum Co. (NYSE:OXY) Major Shareholder Purchases $35,724,455.94 in Stock

Occidental Petroleum Co. (NYSE:OXY – Get Free Report) major shareholder Berkshire Hathaway Inc bought 763,017 shares of Occidental Petroleum stock in a transaction dated Friday, February 7th. The shares were purchased at an average cost of $46.82 per share, for a total transaction of $35,724,455.94. Following the completion of the transaction, the insider now owns […]

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IBTimes UKIBTimes UK

Warren Buffett Buys £28M Worth of Occidental Petroleum Shares, Bumps Stake to 28.2% Ahead of Q4 Results

According to an 11th February Securities and Exchange Commission (SEC) filing, Berkshire Hathaway Chair Warren Buffett increased his stake in Occidental Petroleum (NYSE:OXY) by purchasing 763,017 company shares worth north of £28 million. Buffett's latest move comes ahead of Occidental Petroleum's (NYSE:OXY) Q4 results, which will be released on 19th February. The Oracle of Omaha bought the shares on 7th February for £37.5 ($46.81) a piece. Buff…

·United Kingdom
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CNBC broke the news in United States on Wednesday, February 12, 2025.
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