Buffett Buys Another $700 Million In Occidental Shares ...Middle East

Berkshire Hathaway, the investment firm of Warren Buffett, has increased its stake in Occidental Petroleum, buying 12 million additional shares that have pushed its holding in the company to 18.7 percent. The latest share acquisition cost close to $700 million, Reuters reported, citing a regulatory filing made by Berkshire Hathaway. The investment company has thus become the largest shareholder in the energy major. The report noted that the recent series of share purchases in Oxy could suggest that Berkshire might eventually decide to take over…

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