Berkshire Hathaway's Occidental Petroleum Stake
Warren Buffett acquired 265M Occidental Petroleum shares worth $12.3B. That's 4.54% of their equity portfolio (6th largest holding). The investor owns 26.35% of the outstanding Occidental Petroleum stock. The first Occidental Petroleum trade was made in Q3 2019. Since then Warren Buffett bought shares 35 more times and sold shares on two occasions. The investor's estimated purchase price is $14.4B, resulting in a loss of 14%.
News about Occidental Petroleum Corp. and Warren Buffett
Occidental Petroleum: Making Cost Progress
Warren Buffett's continued investment in Occidental Petroleum highlights its bargain status. Despite declining oil prices, Occidental's cash flow remained st...
Bill Ackman's HHH bid, Occidental vs. Diamondback: Asking for a Trend
Julie Hyman takes a closer look at the top stories on Wall Street after the closing bell on Asking for a Trend. Howard Hughes Holdings (HHH) stock is in focu...
Berkshire Keeps Buying Occidental Petroleum, But I Prefer Enterprise Products Partners
I'm bullish on energy stocks overall due to my view of compressed oil prices and the potential of policy tailwinds. For OXY and EPD, their latest insider act...
Buffett buys more Occidental, investor cash levels fall: Catalysts
When a stock or cryptocurrency opens at a significantly different price than its previous close, investors face what's known as a "gap" in the market (^DJI, ...