OXY Nov 2024 62.500 put
- Zacks
Occidental Petroleum (OXY) Stock Declines While Market Improves: Some Information for Investors
Occidental Petroleum (OXY) reachead $59.80 at the closing of the latest trading day, reflecting a -0.83% change compared to its last close.
- Barrons.com
Berkshire Owns Over $15 Billion of Occidental After Fresh Stock Buys
Berkshire Hathaway CEO Warren Buffett appears to be taking advantage of a drop in the price of the energy company’s shares.
- GuruFocus.com
Warren Buffett's Strategic Acquisition of Occidental Petroleum Shares
On June 12, 2024, Berkshire Hathaway, under the stewardship of Warren Buffett (Trades, Portfolio), expanded its holdings in Occidental Petroleum Corp (NYSE:OXY) by acquiring an additional 1,750,308 shares. This transaction, executed at a price of $60.3 per share, has increased Berkshire Hathaway's total holdings in Occidental Petroleum to 252,333,913 shares. This move not only reflects a significant confidence in the oil and gas sector but also increases Berkshire's stake in Occidental Petroleum to a commanding 28.46%, with the position now representing 4.59% of Berkshire's total portfolio.
