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Berkshire Hathaway Increases Its Stake in Occidental Petroleum, Sells Some of China’s BYD Stock

Warren Buffet’s conglomerate Berkshire Hathaway continues to double down on oil giant Occidental Petroleum. In a recent filing, Berkshire disclosed that it now owns a 29% stake in Occidental Petroleum while at the same time selling some of its shares in China’s vehicle maker...

Warren Buffett’s Berkshire Hathaway Reveals Its Secret Stock

For the past three regulatory filings, Warren Buffett’s Berkshire Hathaway has been keeping one of its stock holdings confidential. Now, the conglomerate revealed that the secret stock has been the insurance company The Chubb Corporation. In a regulatory filing made on Wednesday, Berkshire revealed that...

Berkshire Hathaway Posts $35.5 Billion Q1 Profit

Berkshire Hathaway Inc reported its first quarter earnings on Saturday, which included a $35.5 billion profit for the first three weeks of 2023. This performance gave rise to investors' sentiments that the firm is a secure long-term investment, particularly given its diverse portfolio. Since...

Warren Buffett Explains Why Berkshire Hathaway Unloaded Its TSMC Stake

Earlier this year, Warren Buffett’s Berkshire Hathaway revealed a surprising decision to unload most of its stake in Taiwan Semiconductor Manufacturing Co. (TSMC) just months after investing $4.1 billion in the chip maker. And now we know why. In a recent interview with the Japanese...

Berkshire Hathaway Buys More Occidental Petroleum Shares to Increase its Stake to 22.2%

Berkshire Hathaway resumed its strategy of purchasing Occidental Petroleum Corp shares in March, according to a recent regulatory filing. The Warren Buffett-owned conglomerate acquired additional 5.8 million shares of Occidental several days ago and now holds a 22.2% stake in the Houston-based oil and...

Warren Buffett’s Berkshire Increases Its Stake in Occidental Petroleum to 16.4%

Warren Buffett's Berkshire Hathaway continues to be bullish on Occidental Petroleum. The conglomerate recently bought another 794,389 Occidental shares, bringing its stake in the Texas oil company to 16.4 percent. This new purchase, worth around $44 million, comes after Berkshire acquired 9.5 million shares in...