Berkshire Hathaway Adds to Its Occidental Petroleum Stake

(BRK.A), (BRK.B)

A dip in the price of Occidental Petroleum has Warren Buffett resuming his purchases of OXY shares on May 10 and 11.

In its latest Form 4 filing Berkshire made the following purchases:

Common Stock 05/10/2022 716,355 $57.3161
Common Stock 05/02/2022 185,419 $57.3386

After these purchases, Berkshire holds 143,162,392  shares of OXY common stock.

In addition to its over 15% stake in OXY common stock, Berkshire also holds 200,000 series A preferred stock shares and warrants that Berkshire for roughly 84M shares of common stock at $59.624 per share.

© 2022 David Mazor

Disclosure: David Mazor is a freelance writer focusing on Berkshire Hathaway. The author is long in Berkshire Hathaway, and this article is not a recommendation on whether to buy or sell a stock. The information contained in this article should not be construed as personalized or individualized investment advice. Past performance is no guarantee of future results.

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