Buffett's Berkshire buys more Occidental shares
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Warren Buffett's Berkshire Hathaway stocked up on oil shares this week, adding to the company's holdings of Occidental Petroleum.
Berkshire bought about 5.9 million more shares of the oil company. The purchases, made on May 2 and May 3, were disclosed in a regulatory finding on Wednesday, according to Bloomberg.
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The share prices were $56 and $58.37 each.
Last weekend, as the Berkshire annual meeting was getting underway, the company announced a 14% stake in Occidental.