Warren Buffett’s jump into oil and gas producers, which has seen him take huge stakes in Occidental Petroleum and Chevron, continued this week with $350 million of additional purchases of OXY shares on May 2 and 3.
In its latest Form 4 filing Berkshire Hathaway made the following purchases:
After these purchases, Berkshire Hathaway holds 142,260,618 of OXY common stock.
In addition to its over 14% stake in OXY, 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.