American oil and gas giant Occidental Petroleum is currently exploring a stake sale in shale oil producer CrownRock to Colombia’s Ecopetrol. Occidental acquired CrownRock in a $12 billion cash-and-stock deal back in December.
Ecopetrol, which is a majority state-owned company, is looking to acquire 30%...
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...
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 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...
