Berkshire Hathaway boosts Occidental Petroleum stake above 20%
– Warren Buffett’s Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp , surpassing the 20% stake where it could record some of the oil company’s earnings with its own and potentially add billions of dollars of profit.
In a regulatory filing on Monday night, Berkshire said it paid about $391 million for nearly 6.7 million Occidental shares between Aug. 4 and Aug. 8.
