March 9, 2023

Warren Buffett’s Berkshire Hathaway Keeps Buying Even More of This Oil Company’s Stock

Berkshire Hathaway bought almost 6 million shares of

Occidental Petroleum

in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filing late Tuesday

The purchases, which occurred on Friday, Monday, and Tuesday, were made at prices ranging from about $59 to $62 a share and are Berkshire’s first purchases since the end of the third quarter. The value of the purchases totals about $360 million.

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