Warren Buffett's Berkshire Hathaway Inc boosted its ownership stake in Occidental Petroleum Corp to about 23.6% after buying nearly 3.7 million additional shares.
Berkshire disclosed the purchases, which cost about $216 million and occurred on March 23 and 27, in a U.S. Securities and Exchange Commission filing on Monday night.
It now owns about 211.7 million Occidental shares worth $12.6 billion based on the oil company's closing price of $59.65 on Monday.to buy up to 50% of Occidental's common stock.
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