Buffett Boosts Occidental Petroleum Stake To 24.9% ...Middle East

Warren Buffett’s Berkshire Hathaway has bought more shares in Occidental Petroleum, boosting its stake in the company to some 24.9%, MarketWatch has reported, citing a regulatory filing. According to the filing, Berkshire Hathaway paid a total $275 million for the new package of Oxy shares. Following these purchases, the investment company’s stake in Oxy is worth some $13 billion. Warren Buffett has been raising his holding in Occidental for about a year now. This sparked speculation that he might be considering a takeover but Buffett…

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