Buffett's Berkshire Adds Another ~$52M in Occidental Petroleum (OXY) Stock

May 13, 2022 6:50 AM EDT

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In a filing late Thursday, Warren Buffett's Berkshire Hathaway disclosed it bought another 901,774 shares of Occidental Petroleum (NYSE: OXY) common shares at $57.32-$57.34.

The latest purchase brings the stake to 143,162,392 common shares and 100,000 Series A Preferred shares.

The value of the latest purchase was $51.7 million and the common stock portion is now worth around $8.5 billion.

Occidental shares are up 104% year-to-date, while the S&P 500 is down 17.5% year-to-date.

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