Berkshire Ramps Up Wager on Occidental With 30 Million Shares

The stock was acquired this year, and brings Berkshire’s total Occidental holding to 113.7 million shares, according to a filing Friday. Omaha, Nebraska-based Berkshire holds about 11.2% of Occidental common shares in an investment currently valued at about $6.4 billion.

Buffett invested $10 billion in 2019 to help fund Occidental’s takeover of Anadarko Petroleum Corp. Most of Berkshire’s stake in Occidental — more than 83 million shares — are tied to warrants acquired in that deal, which have been generating payments.