Warren Buffett's Berkshire Hathaway Grows Stake in Occidental Petroleum

Core Insights - Berkshire Hathaway purchased 763,017 shares of Occidental Petroleum for $35.7 million, increasing its stake to 28.2% [1][3] - Berkshire holds warrants to buy an additional 83.9 million shares at $59.62 each, totaling approximately $5 billion, following its support for Occidental's acquisition of Anadarko Petroleum in 2019 [2] - Despite increasing its investment, Berkshire does not intend to take control of Occidental Petroleum [2][3] Stock Performance - Occidental shares fell 1.7% to $47.82 and have decreased by about 17% over the past year [3]