Warren Buffett Boosts Stake in Occidental by Purchasing Shares Daily

Tuesday, 18 June 2024, 12:57
Warren Buffett, the renowned investor and CEO of Berkshire Hathaway, has steadily increased his ownership in Occidental Petroleum by acquiring shares for nine consecutive trading days. This consistent buying spree has elevated Buffett's stake in the company to nearly 29%, showcasing his confidence in Occidental's potential growth. The strategic move highlights Buffett's long-term investment approach and his bullish outlook on the energy sector.
CNBC
Warren Buffett Boosts Stake in Occidental by Purchasing Shares Daily

Warren Buffett's Accumulation Strategy

The investing legend Warren Buffett, through his firm Berkshire Hathaway, has incrementally built up a significant stake in Occidental Petroleum over nine consecutive trading days.

Steady Increase in Ownership

  • Buffett's daily share purchases have boosted his stake in Occidental to nearly 29%.

Overall, this steady accumulation demonstrates Buffett's confidence in the company's trajectory and long-term growth potential.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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