Pic - Eric Francis
- Berkshire Hathaway’s stake in Occidental Petroleum now exceeds 28%, suggesting a potential creeping takeover despite Buffett’s statements.
- Buffett’s investments in OXY reflect confidence in its intrinsic value, driven by leadership and favorable energy market conditions.
- Berkshire benefits from preferred shares yielding 8%, making a full takeover less likely until these are redeemed.
- Investing in OXY requires a long-term horizon, with outcomes dependent on future oil prices and potential strategic moves by Berkshire.
On Dec 17-19, 2024, Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) (NEOE:BRK:CA) purchased another ~1% of Occidental Petroleum (OXY). With this purchase, Berkshire’s total stake in OXY now exceeds 28%. Ph.D. and MBA with 20+ years of investment experience. I began as a scientist, working under a future Nobel laureate, before transitioning to executive roles in major U.S. corporations. After founding and leading my own company for 15 years, I shifted to full-time investing. My insights blend scientific rigor, entrepreneurial leadership, and executive expertise, driven by a passion for continuous learning.
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