Warren Buffett is still buying Occidental Petroleum, adding shares worth $1.5 billion

Warren Buffett was not done.

After spending around $4.5 billion last week to buy 91.2 million shares of Occidental Petroleum, he’s spent more than $1.5 billion this week to add another 27.1 million shares to Berkshire Hathaway’s stake.

An SEC filing late Friday revealed the purchases were made on Wednesday, Thursday and Friday at prices between $51.03 and $58.58. The weighted average of the buys is around $56.60.

That gives Berkshire a total of 118.3 million shares that are worth almost $6.9 billion at Friday’s close of $57.95.

As a result, OXY moves up a notch to 9th place on Berkshire’s list of biggest reported holdings of publicly-traded U.S. shares.

https://www.cnbc.com/2022/03/12/warren-buffett-is-still-buying-occidental-petroleum-adding-shares-worth-1point5-billion.html