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Berkshire Hathaway boosts stake in Occidental Petroleum - Yahoo Finance

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Berkshire Hathaway boosts stake in Occidental Petroleum

Yahoo Finance Live’s Rachelle Akuffo breaks down the rise in stock for Occidental Petroleum.

Video Transcript

[MUSIC PLAYING]

RACHELLE AKUFFO: All right, well, Warren Buffett's Berkshire Hathaway purchase more Occidental Petroleum shares, as it boosted its stake in the oil company to about 23.1%. Earlier this month, filings reveal that Berkshire Hathaway had resumed its purchases of Occidental Petroleum. And that happened after a five-month hiatus. Shares getting a bit of a lift this morning, up about 1 and 1/2%. They're about 1.6%

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