Berkshire Hathaway has purchased nearly 30 million shares of Occidental Petroleum since the end of 2021, adding to an existing large holding of 83.9 million warrants in the big energy company.
In a filing late Friday, Berkshire (ticker BRK/A, BRK/B) said it holds a total of 113.7 million shares of Occidental (OXY), including both the stock and warrants. The combined holding represents 11.2% of Occidental’s outstanding shares but that overstates Berkshire’s investment since the warrant exercise price is out of the money, or…