{"id":505522,"date":"2022-07-15T09:38:43","date_gmt":"2022-07-15T04:08:43","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=505522"},"modified":"2022-07-15T11:12:31","modified_gmt":"2022-07-15T05:42:31","slug":"warren-buffetts-berkshire-hathaway-buys-more-occidental-petroleum-shares","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/warren-buffetts-berkshire-hathaway-buys-more-occidental-petroleum-shares\/","title":{"rendered":"Warren Buffett&#8217;s Berkshire Hathaway buys more Occidental Petroleum shares"},"content":{"rendered":"<p>Warren Buffett&#8217;s Berkshire Hathaway now controls nearly 20% of Occidental Petroleum&#8217;s stock after picking up another $250 million worth of shares of the oil producer this week.<\/p>\n<p>Berkshire has been investing heavily in Occidental this year, including buying up more than $1.2 billion of the Houston-based company&#8217;s stock so far this month.<\/p>\n<p>After the latest purchases that Berkshire disclosed Wednesday, Buffett&#8217;s Omaha, Nebraska, based conglomerate now owns nearly 180 million Occidental shares worth more than $10 billion. That gives Berkshire control of 19.2% of the company. <\/p>\n<p>But Berkshire also holds 100,000 preferred shares in the company and warrants to buy another 83.9 million Occidental shares for $59.62 apiece that it picked up in 2019 when it helped finance Occidental&#8217;s purchase of Anadarko.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Warren Buffett&#8217;s Berkshire Hathaway now controls nearly 20% of Occidental Petroleum&#8217;s stock after picking up another $250 million worth of shares of the oil producer this week. Berkshire has been investing heavily in Occidental this year, including buying up more than $1.2 billion of the Houston-based company&#8217;s stock so far this month. After the latest purchases that Berkshire disclosed Wednesday, Buffett&#8217;s Omaha, Nebraska, based conglomerate now owns nearly 180 million Occidental shares worth more than $10 billion. That gives Berkshire control of 19.2% of the company. But Berkshire also holds 100,000 preferred shares in the company and warrants to buy [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-505522","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=505522"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/505522\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=505522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=505522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=505522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}