Summary by Moomoo AI
Berkshire Hathaway Inc. has significantly increased its stake in Occidental Petroleum Corp through a series of purchases from December 17 to 19, 2024. The company acquired a total of 8,896,890 shares of Occidental's common stock through five separate transactions.The purchases were made at prices ranging from $45.5458 to $46.9172 per share. The largest single-day acquisition occurred on December 19, 2024, with 3,614,015 shares bought. Following these transactions, Berkshire Hathaway's total beneficial ownership in Occidental Petroleum increased to 264,178,414 shares.These acquisitions, reported as indirect ownership, suggest Berkshire Hathaway's continued confidence in Occidental Petroleum. The transactions, marked as "in progress," indicate potential for further stock purchases in the near future.
