Warren Buffett Buys Another Batch Of Occidental Petroleum Shares ...Middle East

Warren Buffett’s Berkshire Hathaway bought another batch of shares in Occidental Petroleum, raising its stake in the company further. At a total of $352 million, the 5.99 million shares have boosted Berkshire’s stake in Oxy to 20.9 percent, Reuters reported, citing a regulatory filing. The stake is worth some $11.9 billion based on Oxy’s closing price last Friday. Berkshire Hathaway has been buying shares in Occidental consistently this year, prompting suggestions it planned to take over the company. In August, the Wall Street…

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