Warren Buffett's Berkshire Hathaway continues to show its unwavering faith in Occidental Petroleum by consistently adding to its stake. The latest acquisition has brought the total stake owned by Berkshire to a significant 25.8% of the energy company.
Buffett's investment in Occidental is a clear reflection of his unwavering belief in Occidental's CEO, Vicki Hollub, who has been praised for her innovative strategies in the energy industry.
Berkshire Builds Its Occidental Holdings
Berkshire Hathaway started consolidating its position in Occidental in February 2022. This was around the time Russia invaded Ukraine, resulting in global energy market fluctuations. Despite these...
