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188 days

Warren Buffett's Berkshire Hathaway Grows Stake in Occidental Petroleum

1. Berkshire Hathaway purchased 763,017 OXY shares, totaling $35.7 million. 2. Buffett's firm now owns 28.2% of Occidental Petroleum, increasing its stake. 3. Berkshire holds warrants for another 83.9 million OXY shares at $59.62 each. 4. OXY shares dropped 1.7% to $47.82, down 17% over the past year. 5. Buffett confirms no interest in majority ownership of Occidental.

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FAQ

Why Bullish?

Berkshire's continued investment indicates confidence in OXY's future. Historical examples show Buffett's investments often lead to positive market sentiment.

How important is it?

Berkshire's investment and stake increase are significant for OXY's market perception. Value shifts can occur rapidly following high-profile investments.

Why Short Term?

The immediate effect of Berkshire's purchase may uplift OXY prices shortly. Previous similar investments have quickly influenced stock value.

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