XOM - Occidental Petroleum: Does Buffett Want The Whole Enchilada?

• Berkshire Hathaway disclosed in a recent filing that they bought more stock in Occidental Petroleum in the last week, taking Berkshire's stake to roughly 16.4% of OXY stock.
• This echoes a similar playbook in the run-up to Berkshire's acquisition of BNSF Railway, where Buffett built a stake and then bought the entire company in 2009.
• Berkshire seems to be patient here, buying OXY on dips and pausing on rallies.
• Does Warren Buffett want to buy Occidental outright? We break it down.

I ain't as good as I once was, but I'm as good once as I ever was.

- Toby Keith

Warren Buffett likes Occidental Petroleum ( OXY ). Public filings show Berkshire Hathaway ( BRK.B ) has been accumulating shares in OXY periodically, most recently topping a 16.4% stake in the common equity of the company, plus warrants. But one analyst thinks Buffett will go further and acquire the entire company. If that happens, OXY shareholders could likely expect a healthy premium to the current price. So does Buffett want the whole enchilada, or is Berkshire content with a minority stake?

What We Know:

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