[ TRANSACTION RECORD ]

Berkshire Hathaway Inc. Investment in Occidental Petroleum — 2023

VERIFIED VECTOR ID: 001491 · tx-019
M SOURCE NODE — FUNDER
Berkshire Hathaway Inc.
Finance United States
$1,500,000,000
EQUITY
14/12/2023
Q DESTINATION NODE — RECIPIENT
Occidental Petroleum
Company United States
Amount (USD)
$1.5B
Flow Type
EQUITY
Transaction Date
14/12/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Berkshire Hathaway Inc.
AUM 1000000
HQ Location United States
Sector Finance
Recipient Profile [ Q ]
Entity Occidental Petroleum
Entity Type Company
Jurisdiction United States
Intelligence Note

Berkshire Hathaway Inc. invested 1.5 billion dollars to increase its ownership in Occidental Petroleum, bringing its total stake to nearly 28 percent. This transaction reflects Warren Buffett’s long-term confidence in the US energy sector and Occidental’s operational management. The deal provides a significant institutional backing for the company’s expansion.

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Primary Forensic Source https://www.reuters.com/business/energy/buffetts-berkshire-hathaway-boosts-occidental-petroleum-stake-2023-12-14/
✓ SOURCE LINKED