Buffett Could Be Inching Closer To Control Over Oxy ...Middle East

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Buffett Could Be Inching Closer To Control Over Oxy
source : OILPRICE ( Middle East ) () 9
Warren Buffett’s Berkshire Hathaway bought additional shares in Occidental Petroleum Corporation (NYSE: OXY) this week, bringing its stake to 15.3% in a move that could be seen as Buffett aiming for 20% of Oxy or bidding to buy the oil firm. Berkshire Hathaway bought this week around 900,000 shares in Oxy, it announced in a filing with the U.S. Securities and Exchange Commission (SEC) on Thursday. Berkshire Hathaway now has more than 143 million shares in Occidental Petroleum, which equals 15.3%, Barron’s notes. Buffett’s conglomerate…

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