According to the latest SEC filings, $Berkshire Hathaway(BRK.B)$ bought 9.55 million shares of $Occidental(OXY)$ from June 17-22 at a cost of $54.96-$56.42 per share. Based on the average price, Buffett spent roughly $530 million.From March to May this year, Berkshire also made large purchases of $Occidental(OXY)$ , making it the 6th largest position. $Occidental(OXY)$ also proves itself, as shares of $Occidental(OXY)$ and $Chevron(CVX)$ rose 134% and 47%, respectively in Q1, when US stocks took a big dive.However, since June, b
According to the latest SEC filings, $Berkshire Hathaway(BRK.B)$ bought 9.55 million shares of $Occidental(OXY)$ from June 17-22 at a cost of $54.96-$56.42 per share. Based on the average price, Buffett spent roughly $530 million.From March to May this year, Berkshire also made large purchases of $Occidental(OXY)$ , making it the 6th largest position. $Occidental(OXY)$ also proves itself, as shares of $Occidental(OXY)$ and $Chevron(CVX)$ rose 134% and 47%, respectively in Q1, when US stocks took a big dive.However, since June, b
After this round of interest rate rise, the US stock market again ushered in the stage of the bottom. Although feel the market did not fall to the end, but these two days rebound also have a certain reason.Inflation continues to rise is the main incentive for the 75Bps rate hike. Energy prices are at the heart of keeping inflation high. If crude oil prices continue to rise and June CPI data does not come down, then the Fed will take a more "market-expected" approach to rate hikes.Stocks and energy prices are thus tied together.But it wasn't just U.S. stocks that tumbled after the rate hike. Crude oil also tumbled. $CLmain(CLmain)$ fell 8% last week, and U.S. oil stocks like $Chevron(CVX)$