Berkshire Hathaway Buys 9.9 Million More Occidental Shares, Has 17.4 Percent Stake

Berkshire Hathaway Buys 9.9 Million More Occidental Shares, Has 17.4 Percent Stake
Warren Buffett, CEO of Berkshire Hathaway Inc, pauses while playing bridge as part of the company annual meeting weekend in Omaha, Neb., on May 6, 2018. Rick Wilking/Reuters, File Photo
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Warren Buffett’s Berkshire Hathaway Inc said it has bought another 9.9 million shares of Occidental Petroleum Corp., giving it a 17.4 percent stake in the oil company.

Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission.