Warren Buffett’s Berkshire Hathaway ups stake in Occidental Petroleum

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According to a regulatory filing, Warren Buffett-led Berkshire Hathway has acquired around 5.2 million shares of Occidental for about $312.1 million, putting its stake at 27.7%.

The filing with the US Securities and Exchange Commission shows the shares were purchased between December 19 and December 21.

At the time of writing, OXY is trading at $61.72, up 2.3%.

Only last week, it was revealed in a filing that Berkshire had acquired about 10.5 million shares of Occidental for about $588.7 million.