Warren Buffett's Berkshire Boosts Stake In This Energy Company With $698M Buy

Warren Buffett's Berkshire Hathaway, Inc. (NYSE: BRK-A ) (NYSE: BRK-B ) has increased its stake in Occidental Petroleum Corp. (NYSE: OXY ), taking its total ownership in the energy company to 18.7%. Berkshire bought 12.043 million shares of Occidental on Tuesday and Wednesday, a Form 4 SEC filing on Thursday showed. The value of the purchase was $698 million. Just last week, Berkshire had picked up 9.9 million shares of Occidental. Related Link: Nasdaq ... Full story available on Benzinga.com