Berkshire Hathaway increases Occidental Petroleum stake by $44M

Jun. 28, 2022 1:59 AM ETOccidental Petroleum Corporation (OXY), OXY.WSBy: Meghavi Singh, SA News Editor48 Comments
  • In a regulatory filing, Occidental Petroleum (NYSE:OXY) disclosed on Monday that its major shareholder Berkshire Hathaway bought 794K shares of common stock on June 23rd in a total transaction size of $44.0M.
  • The move leaves Berkshire Hathaway with indirect ownership of ~153.51M shares.
  • A quick look at the company's ownership structure:
  • Earlier on Monday, Occidental subsidiary and Manulife enter a lease deal for carbon capture project in Louisiana.

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