Warren Buffett's Berkshire Hathaway ups Occidental Petroleum stake, acquiring 2.57 million shares in early June, now owning around 250.6 million shares. Berkshire's investment surpasses $150 million. Previous ventures include joint lithium extraction project in California.
's bought around 2.57 million of common in over June 5-7, according to a U.S. securities filing.Buffett's company bought additional shares in for more than $150 and now owns about 250.6 million shares in the energy .
Occidental shares closed at $59.48 on Friday.
As of March, owned a roughly 28% stake in Occidental.
Occidental previously announced it had entered into a joint venture with Berkshire Hathaway's unit to extract lithium in their in California.
Source: Stocks-Markets-Economic Times