Berkshire buys additional 2.57 million shares in Occidental Petroleum, filing shows

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 9/3/2026

1. SNOW
2. AVGO
3. RARE
4. HPE
5. FIVE
6. SPY
7. VRTS
8. NTAP
9. NTSK
10. OLLI

June 8, 2024 2:51 AM EDT

FILE PHOTO: The logo for Occidental Petroleum is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., April 30, 2019. REUTERS/Brendan McDermid/File Photo

(Reuters) - Warren Buffett's Berkshire Hathaway bought around 2.57 million shares of common stock in Occidental Petroleum over June 5-7, according to a U.S. securities filing.

Buffett's company bought additional shares in Occidental's common stock for more than $150 million and now owns about 250.6 million shares in the energy producer.

Occidental shares closed at $59.48 on Friday.

As of March, Berkshire owned a roughly 28% stake in Occidental.

Occidental Petroleum previously announced it had entered into a joint venture with Berkshire Hathaway's energy unit to extract lithium in their geothermal facility in California.

(Reporting by Harshita Meenaktshi in Bengaluru)


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Reuters

Related Entities

Warren Buffett