Buffett Boosts Oxy Stake Above 20% ...Middle East

OILPRICE - Economy
Buffett Boosts Oxy Stake Above 20%
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…

Hence then, the article about buffett boosts oxy stake above 20 was published today ( ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Buffett Boosts Oxy Stake Above 20% )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in Economy


Latest News