Berkshire Hathaway bought more shares of Occidental Petroleum over the last three trading days
- adding to it’s existing stake
- bought circa 4.7 mn shares on Thursday and Friday last week and on Tuesday this week.
- now holds a 24.9% in the firm, a Houston-based oil and gas producer
In 2022 Berkshire received regulatory approval to purchase an up to 50% holding in the firm.
—
Buffett buying oil sector shares is a nice encouragement for oil bulls.
Warren Buffett gambling (AI image)