Warren Buffett’s Berkshire Hathaway has raised its stake in Occidental Petroleum further, pushing it above 20 percent, Reuters has reported, giving the investment company the opportunity to boost its paper profit by adding its share of Oxy profits. Berkshire Hathaway began building its stake in Occidental earlier this year, suggesting it might be preparing to take over the oil major. This latest share purchase cost Berkshire $391 million, bringing the value of the total stake to $11.3 billion. Three years ago, Berkshire Hathaway funded Oxy’s…
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