OMAHA, Neb. (AP) — Warren Buffett’s company picked up another $368 million worth of Occidental Petroleum stock this week to give it control of nearly 21% of the oil producer. These are the first purchases Berkshire Hathaway has made since regulators gave it approval last month to buy up to 50% of Occidental, but since February Buffett has been consistently buying shares of the Houston-based company any time they drop below $60 apiece. Berkshire’s Occidental stake is now worth nearly $12 billion after its shares nearly doubled this year after Russia invaded Ukraine and oil prices soared. Berkshire also also holds warrants to buy another 83.9 million Occidental shares.
Buffett’s company buys nearly 6M more Occidental shares
