Warren Buffett’s Firm Buys More Occidental Petroleum and Now Owns More Than 25 Percent of the Oil Producer

Warren Buffett’s Firm Buys More Occidental Petroleum and Now Owns More Than 25 Percent of the Oil Producer
Berkshire Hathaway Chairman and CEO Warren Buffett smiles during an interview in Omaha, Neb., on May 7, 2018. Nati Harnik/AP Photo
The Associated Press
Updated:

OMAHA, Neb.—Billionaire Warren Buffett’s company keeps buying shares of Occidental Petroleum, and Berkshire Hathaway now controls more than 25 percent of the oil producer.

A new filing with the Securities and Exchange Commission shows that Berkshire bought another 2.1 million Occidental shares this week worth about $123 million.