Berkshire buys additional 2.57 mln shares in Occidental Petroleum, shows filing
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
