Occidental Petroleum +1.3% post-market after Warren Buffett’s Berkshire Hathaway disclosed late Monday that it acquired another 6.68M common shares of the oil and gas company during August 4-8, now owning a 20.2% stake.
According to an SEC filing, Berkshire paid ~$391M in multiple transactions at prices ranging from $57.32 to $60.01, giving Buffett’s group a 20.2% stake in Occidental worth ~$11.3B.
https://seekingalpha.com/news/3869473-berkshire-buys-67m-mor…