Buffett’s Berkshire holds 20% stake in Occidental

Warren Buffett’s Berkshire Hathaway Inc., which got the go-ahead last month from U.S. regulators to buy as much as half of the oil giant, holds a 20.2 per cent stake in Occidental Petroleum Corp.

The level of ownership was confirmed late Friday in a federal filing.

Berkshire has spent this year expanding its ownership in Occidental after first making a bet on the Houston-based oil company three years ago. In approving Berkshire’s request on Aug. 19, the Federal Energy Regulatory Commission said the proposed stock purchases would be consistent with the public interest. 

© 2022 Bloomberg L.P.

Dear user, please be aware that we use cookies to help users navigate our website content and to help us understand how we can improve the user experience. If you have ideas for how we can improve our services, we’d love to hear from you. Click here to email us. By continuing to browse you agree to our use of cookies. Please see our Privacy & Cookie Usage Policy to learn more.