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International Business Times UK

Niloy Chakrabarti

Warren Buffett Buys £28M Worth of Occidental Petroleum Shares, Bumps Stake to 28.2% Ahead of Q4 Results

Warren Buffett Occidental Petroleum Occidental Petroleum Berkshire Hathaway Berkshire Elon Musk

Buffett doesn't intend to take over control of Occidental Petroleum despite a massive stake. (Credit: gatesfoundation.org)

According to an 11th February Securities and Exchange Commission (SEC) filing, Berkshire Hathaway Chair Warren Buffett increased his stake in Occidental Petroleum (NYSE:OXY) by purchasing 763,017 company shares worth north of £28 million.

Buffett's latest move comes ahead of Occidental Petroleum's (NYSE:OXY) Q4 results, which will be released on 19th February.

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