Could Warren Buffett really buy Occidental Petroleum?

Seeking Alpha2022-08-21

Friday's news that Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) won approval from U.S. regulators to buy as much as 50% of Occidental Petroleum (NYSE:OXY) has sparked speculation that...

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Comments

newbe1001
2022-08-22
newbe1001
Ok
andrew123
2022-08-22
andrew123
Like
WJ77
2022-08-22
WJ77
👍
PearlynCSY
2022-08-22
PearlynCSY
Warren Buffett gets permission to buy up to half of Occidental Petroleum, boosting the shares. Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum.Shares of Occidental jumped 10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than 145%.On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the oil company’s common stock in secondary market transactions. The conglomerate argued that a maximum 50% stake wouldn’t hurt competition or diminish regulatory authority.Carlos Clay, acting director of division of electric power regulation, granted the permission Friday, saying authorization was “consistent with the public interest.”David Kass, a fina
Alex1709
2022-08-22
Alex1709
Yes
Goupppppppp
2022-08-22
Goupppppppp
Will it up today?

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Warren Buffett’s Berkshire Hathaway on Friday received regulatory approval to purchase up to 50% of oil giant Occidental Petroleum.Shares of Occidental jumped 10% on the news to close at $71.29 apiece, pushing their 2022 gains to more than 145%.On July 11, Berkshire filed an application with the Federal Energy Regulatory Commission to buy more of the oil company’s common stock in secondary market transactions. 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