Minority Stock Positions

Berkshire Hathaway Occidental Petroleum Stake Reaches 23.6 Percent

(BRK.A), (BRK.B)

A dip in the price of Occidental Petroleum saw Warren Buffett adding more purchases of OXY shares on March 23 and 27.

In its latest Form 4 filing, Berkshire purchased 3,666,714 shares of OXY stock at prices ranging from $58.2862 to $59.6262 per share.

After these purchases, Berkshire holds 211,707,119 shares of OXY common stock, and raises Berkshire’s stake to 23.6 percent.

Berkshire also holds 100,000 series A preferred stock shares with an 8% dividend and warrants that Berkshire can exercise for roughly 84M shares of common stock at $59.624 per share.

© 2023 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.