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Berkshire’s Greg Abel Sells Its Stake in Company’s Energy Unit for $870 Million

Berkshire Hathaway's vice chairman Greg Abel sold its 1% stake in the company's energy unit. This was revealed in Berkshire's quarterly report release over the weekend. According to the company, Abel was bought out in June for a figure of $870 million. The move was...

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...