Warren Buffett's Berkshire Hathaway invests over $400 million, becoming the largest shareholder in Occidental Petroleum.

Warren Buffett's Berkshire Hathaway has significantly increased its stake in Occidental Petroleum, investing over $400 million in the company, making it the largest shareholder with a 28.15% stake. This move comes despite declining oil prices and market fears. Buffett's investment contrasts with Wall Street's reduced involvement with Occidental, aligning with his strategy of buying when others are fearful. Additionally, Berkshire Hathaway also bought shares in Sirius XM and VeriSign, likely capitalizing on the recent market downturn.

3 months ago
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