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International Business Times UK
International Business Times UK
Niloy Chakrabarti

Billionaire Warren Buffett Scoops Up Over 7 Million Shares Of This Oil Company In 2 Weeks

Warren Buffett Occidental Occidental Petroleum Oil Berkshire Hathaway Petroleum Berkshire Vicki Hollub the US Securities and Exchange Commission
Warren Buffett's latest stock buys were disclosed by Berkshire Hathaway in Form 4, filed with the US Securities and Exchange Commission.

Warren Buffett's Berkshire Hathaway is going heavy on oil and gas exploration and production company Occidental Petroleum (NYSE: OXY), having bought 7.26 million shares of the company at prices hovering around $60 since June 5, according to the Omaha-based company's latest Form 4 filings with the US Securities and Exchange Commission.

Buffett now holds 255.28 million company stocks worth $15.28 billion, making Occidental Petroleum the six-largest stock holding in his over $300 billion portfolio with a 4.62% exposure.

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