Occidental Petroleum (OXY) Shares Surge After Berkshire Hathaway Increases Stake

Dec 20, 2024

Occidental Petroleum (OXY, Financial) shares rose over 5%, reaching $47.85. This increase follows Berkshire Hathaway's recent regulatory filing, revealing an additional purchase of approximately 8.9 million shares of Occidental Petroleum for $405 million. This acquisition boosts Berkshire Hathaway's ownership stake in Occidental Petroleum to over 28%.

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