Warren Buffett's Berkshire Hathaway Inc purchased more Occidental Petroleum Corp shares, increasing its stake in the oil company to about 23.1%, a regulatory filing showed on Wednesday.
shares, increasing its stake in the oil company to about 23.1%, a regulatory filing showed on Wednesday.
Berkshire paid about $466.68 million for 7.9 million Occidental shares between March 13 and March 15, according to the filing.its purchases of Occidental Petroleum Corp shares after a five-month hiatus. The Omaha, Nebraska-based company company now owns about 208.04 million Occidental shares worth $11.81 billion, based on Wednesday's closing price of $56.80.Reporting by Kanjyik Ghosh in Bengaluru
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