OXY Sep 2024 90.000 call
- Barrons.com
Berkshire Buys More Occidental Stock; Holds 29% Stake Worth Over $15 Billion
Berkshire Hathaway CEO Warren Buffett appears to be taking advantage of the weakness in energy stocks to boost his holding.
- GuruFocus.com
Warren Buffett Bolsters Holdings in Occidental Petroleum
Recent Acquisition Overview On June 17, 2024, Berkshire Hathaway, under the stewardship of Warren Buffett (Trades, Portfolio), expanded its investment in Occidental Petroleum Corp (NYSE:OXY) by acquiring an additional 2,947,611 shares. This transaction, executed at a price of $59.7 per share, has increased Berkshire's total holdings in OXY to 255,281,524 shares, marking a significant endorsement of the energy sector by the firm. This move not only reflects Buffett's confidence in Occidental Petroleum but also impacts Berkshire Hathaway's portfolio with a modest 0.05% trade impact, enhancing its position to a commanding 28.79% of the company's shares.
- Insider Monkey
Occidental Petroleum Corporation (OXY): Is Warren Buffett Right About this Energy Stock?
We recently compiled a list of the 8 Best Undervalued Energy Stocks To Buy According to Analysts. In this article, we are going to take a look at where Occidental Petroleum Corporation (NYSE:OXY) stands against the other undervalued energy stocks. Following another eventful year for the global energy sector, 2024 continues the trend of disruptions, […]
