Tag Archives: Petroleum

Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices well above $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the cash pile at his holding company Berkshire Hathaway had grown to a near-record $146.7 billion. That shouldn’t come as a surprise. Buffett is a value investor, after all, and valuations were bloated in the U.S. stock market after significant rallies in 2020 and 2021. “We find little that… Source link

Here’s why Warren Buffett bought all the Occidental Petroleum shares he could, even with oil prices shooting past $100 Warren Buffett kept a lot of cash on hand in recent years. At the end of 2021, the cash pile at his holding company Berkshire Hathaway had grown to a near-record $146.7 billion. That shouldn’t come as a surprise. Buffett is a value investor, after all, and valuations were bloated in the U.S. stock market after significant rallies in 2020 and 2021. “We find little that… Source link

Warren Buffett.Kevin Lamarque/Reuters Warren Buffett’s Berkshire Hathaway invested $4.5 billion into Occidental Petroleum in five days. The investor pounced after reading a transcript of Occidental’s latest earnings call, he told CNBC. Berkshire snapped up 91.2 million shares, securing a stake worth more than $5 billion today. Warren Buffett’s Berkshire Hathaway plowed $4.5 billion into Occidental Petroleum in five days, securing 91.2 million shares worth upward of $5 billion today. The famed… Source link