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home / news releases / CVX - A Grand Slam For Berkshire Hathaway


CVX - A Grand Slam For Berkshire Hathaway

Warren Buffett strikes again! On April 30th, news broke that the Oracle of Omaha’s holding company, Berkshire Hathaway (BRK.A) (BRK.B), struck a deal with Occidental Petroleum (OXY) wherein if the latter manages to acquire Anadarko Petroleum (APC) in what would be one of the largest energy industry transactions in history, Berkshire will invest in Occidental a sum of $10 billion. From a financing perspective for Occidental, if this is the only way a deal could be accomplished, it makes sense, but to the company’s shareholders it’s plenty

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Stock Information

Company Name: Chevron Corporation
Stock Symbol: CVX
Market: NYSE
Website: chevron.com

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