To The Moon

The latest regulatory filings reveal that from May 16th to May 18th, Berkshire Hathaway purchased an additional 3.46 million shares of Occidental Petroleum at prices ranging from $58.11 to $58.66 per share, amounting to a total investment of approximately $201 million.In fact, Berkshire Hathaway has been gradually increasing its holdings of Occidental Petroleum since early 2022. During a recent Berkshire Hathaway shareholders' meeting, Buffett stated, "We really like the resources, industry position, and technical capabilities of Occidental Petroleum in the Permian Basin. They have a lot of excellent oil wells and have done a lot of beneficial things. It's a completely different kind of oil business." Buffett's optimism about the resources in the Permian Basin stems from the company's acqu