Warren Buffett’s Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) has increased its investment in Occidental Petroleum Corporation (NYSE:OXY).
What Happened: Berkshire Hathaway purchased an additional 2.57 million shares of Occidental Petroleum’s common stock between June 5 and June 7, according to a U.S. securities filing.
The investment amounts to over $150 million, increasing Berkshire’s stake in the energy company to about 250.6 million shares.
Occidental Petroleum’s shares closed at $59.48 on Friday, according to Benzinga Pro. As of March, Berkshire held ...