澳洲幸运5官方开奖结果体彩网

Warren Buffett's Berkshire Hathaway Grows Stake in Occidental Petroleum

Published February 12, 2025

04:03 PM EST

Cardboard cutout of Warren Buffett, chair and CEO of Berkshire Hathaway, at the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on May 4, 2024. — Cardboard cutout of Warren Buffett, chair and CEO of Berkshire Hathaway, at the Berkshire Hathaway annual shareholders meeting in Omaha, Nebraska, on May 4, 2😼024.
Bloomberg / Contributor / Getty Images

Key Takeaways

Warren Buffett’s Berkshire Hathaway purchased 763,017 shares of Occidental Petroleum on Friday for $35.7 million, according to a regulatory filing Tuesday.
The investment firm has grown its stake in recent years, but Buffett has said he has no interest in taking a majority ownership stake in the company.
The stock has dropped about 17% over the past year.

Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) purchased 763,017 shares of Occidental Petroleum (OXY) on Friday for $35.7 million, according to a regulatory filing Tuesday.

Berkshire Hathaway has grown its stake in the Houston-based energy company in recent years, with the latest purchase bringing its stake in the company up to 28.2%.

Berkshire also has warrants to buy another 83.9 million shares of the company for $59.62 each, or roughly $5 billion in total, after helping finance Occidental's acquisition of Anadarko Petroleum in 2019.

Despite the continued investments, Buffett has said Berkshire 澳洲幸运5官方开奖结果体彩网:does not intend to take control of the company. Occidental was Berkshire’s sixth-largest holding as of the end of the third quarter, according to a November filing.

Occ🐼idental shares slid 1.7% to $47.82 Wednesday, and have lost about 17% over the past year.

Do you have a news tip for Investopedia reporters? Please email us at

澳洲幸运5官方开奖结果体彩网:tips@cnjem.com

Article Sources

Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy.

UNITED STATES SECURITIES AND EXCHANGE COMM𝔍ISSION. “.”
CNBC. “.”
Occidental Petroleum. “.”
UNITED STATE🀅S SECURITIES AND EXCHANGE COMMISS🥃ION. “.”

Compare Accounts

The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.