Warren Buffett Now Has an Almost 29% Stake in Occidental Petroleum (OXY) Stock

Berkshire has warrants that facilitate the option of buying another 83.9 million common shares for $5 billion, translating to$59.62 per share. Per CNBC, a 2019 deal in which Berkshire helped finance Occidental's acquisition of Anadarko Petroleum provided the aforementioned warrants. OXY Stock Buoyed by Strong Management and Shifting Oil Dynamics Notably, Berkshire also owns $10 billion of preferred shares of OXY stock. Based on CNBC's analysis, a "full redemption of the preferred equity could lift Berkshir ...