Berkshire Hathaway's $588.7 Million Investment in Occidental Petroleum and Permian Basin M&A Deals
TL;DR Summary
Berkshire Hathaway has purchased nearly 10.5 million shares of Occidental Petroleum for approximately $588.7 million, increasing its stake in the company to about 27%. In addition to the shares, Berkshire also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion. If exercised, the warrants would bring Berkshire's total ownership to 33%.
- Berkshire Hathaway buys Occidental Petroleum shares worth about $588.7 mln Reuters
- Berkshire Hathaway buys Occidental Petroleum shares worth about $588.7 million Yahoo Finance
- M&A deals in Permian basin exceeds $100 billion in 2023 - WoodMac Reuters
- Occidental Petroleum to buy Permian producer CrownRock for $12 billion, raise dividend CNBC
- Dunn Deal: Texas Oilman Eyes $2 Billion Payday In Sale To Occidental Forbes
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