Tag: oil sector

Investor Warren Buffett has now joined the recent oil-buying spree with his Berkshire Hathaway resuming its purchases of Occidental Petroleum stock after a four-month hiatus. According to Associated Press, the company in a Securities and Exchange Commission filing revealed that it has invested over $246 million this week to add to its already significant stake in Occidental. With this latest purchase, Berkshire now controls nearly 26% of the Houston-based oil producer, owning more than 228 million shares.Buffett has been consistently buying Occidental stock since last year whenever its...