Berkshire Hathaway Boosts Stake In Occidental Petroleum To Over 25% ...Middle East

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Berkshire Hathaway has raised its stake in Occidental Petroleum to over 25% after yet another share purchase of 2.14 million shares, Reuters has reported, citing a regulatory filing. The latest buy cost Berkshire $122.1 million. Barron’s noted that after this latest purchase, Warren Buffett’s investment company owns a stake in Occidental worth $12.9 billion, based on Oxy’s closing price yesterday. Berkshire Hathaway began buying stock in Occidental last year, sparking speculation that it was going to take over the company, which…

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