Buffett's Berkshire adds more Occidental Petroleum (OXY) shares

May 16, 2023 9:17 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Warren Buffett's Berkshire Hathaway continues to add to its Occidental Petroleum (NYSE: OXY) position despite recent comments from Mr. Buffett that they won't buy the entire company.

A Form 4 filing with the SEC overnight showed that Berkshire bought another 2.165 million shares between 05/11/23-05/12/23 at prices from $56.80-$58.46 per share.

Berkshire owns 213,872,911 common shares following the latest purchases, as well as 93,532 Series A Preferred shares. In addition, Berkshire owns warrants to purchase another 83,858,849 common shares.

At the firm's annual meeting earlier in the month, Buffett said while they love the shares they have they are not looking at making an offer to control the entire company.

"We will not be making any offer for control of Occidental," Buffett said at that time. "We love the shares we have," he added while saying they may buy more shares in the future.

By Staff

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

13Fs, 13Gs, Hedge Funds, Hot List, Insider Trades

Related Entities

Warren Buffett