Warren Buffett's Berkshire Hathaway Steadily Acquires Stake in Occidental Petroleum
Portfolio Expansion: Warren Buffett Adds to Occidental Stake
June 7, 2024: Berkshire Hathaway Makes Significant Investment
Famed investor Warren Buffett is steadily increasing his stake in Occidental Petroleum Corp. On June 7, 2024, Berkshire Hathaway made a substantial addition to its portfolio by acquiring a significant number of shares in the energy company.
June 12, 2024: Berkshire Hathaway Expands Portfolio Further
Continuing the trend, on June 12, 2024, Berkshire Hathaway, led by Warren Buffett, expanded its portfolio further by adding even more shares of Occidental Petroleum. This move suggests a strong belief in the company's long-term prospects.
Growing Stake: Buffett's Consistent Acquisition
Warren Buffett's Berkshire Hathaway has consistently increased its stake in Occidental Petroleum over the past several months. This pattern of steady acquisition indicates a strategic approach by the legendary investor.
Current Stake: Almost 29% Holding
As of the latest disclosure, Warren Buffett's Berkshire Hathaway holds approximately 29% of Occidental Petroleum. This substantial stake gives Berkshire significant influence in the company's decision-making and operations.
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