It’s a Good Time to Buy Berkshire Hathaway Stock. Here’s Why.

Text size Berkshire Hathaway CEO Warren Buffett. Johannes Eisele/AFP/Getty Images Berkshire Hathaway has never been in better shape. Its stock looks appealing after pulling back more than 15% from its record high in March. The conglomerate’s operating profits were up 22% in the second quarter, excluding foreign-exchange gains, powered by a 56% gain in investment … Read more

Berkshire Now Holds 20% of Occidental Petroleum

Text size Berkshire CEO Warren Buffett has steadily accumulated Occidental stock this year. AFP via Getty Images Berkshire Hathaway now owns just over 20% of Occidental Petroleum after about $400 million in fresh purchases of the energy company in recent days, according to a filing late Monday. With a 20.2% stake, Berkshire Hathaway (ticker: BRK/A, … Read more

Warren Buffett’s Berkshire Hathaway Buys More Occidental Stock

Text size Warren Buffett’s Berkshire Hathaway purchased more Occidental Petroleum stock. AFP via Getty Images Warren Buffett’s Berkshire Hathaway disclosed the purchase of another large block of Occidental Petroleum stock. Berkshire Hathaway (ticker: BRK.A) paid $250 million from July 11 through 13 for a total of 4.3 million more shares of oil giant Occidental Petroleum … Read more

Warren Buffett Spends Big as Stock Market Sells Off

The stock market’s selloff has been bad news for most investors. The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 5.68% last week, according to a regulatory filing. The move makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings. In the past few months, Berkshire … Read more

Berkshire Hathaway May Have Sold Verizon, Bought $10 Billion of Financials

Text size Warren Buffett’s Berkshire Hathaway said it incurred $739 million of realized losses on equity sales in the first quarter. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway ’s record quarterly equity purchases of $51.1 billion in the first quarter, including large buys of Chevron and Occidental Petroleum , probably amounted to the biggest … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb.—As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying.  That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $11.6 billion deal to buy insurer Alleghany Corp. Y … Read more

Berkshire Hathaway: Live Coverage of the Annual Shareholders Meeting

OMAHA, Neb.—The Berkshire Hathaway annual shareholders meeting is back in person for 2022, after a two-year pandemic hiatus moved the so-called “Woodstock for Capitalists” online. Warren Buffett addressed the company’s massive stock purchases in the first quarter, the performance of its collection of businesses, and added his signature folksy anecdotes and life advice. Tens of … Read more

Berkshire Hathaway Again Boosts Its Stake in Occidental Petroleum

Text size Berkshire Hathaway CEO Warren Buffett Saul Loeb/AFP via Getty Images Berkshire Hathaway continued to add to its large stake in Occidental Petroleum in recent days and now holds a $7.2 billion interest in the big energy company, according to a filing late Wednesday. Berkshire Hathaway (ticker: BRK/A, BRK/B) purchased 18.1 million shares from … Read more

Warren Buffett’s Berkshire Hathaway Now Holds $6.9 Billion of Occidental Petroleum After Recent Buys

Text size Berkshire Hathaway CEO Warren Buffett. Saul Loeb/AFP via Getty Images Berkshire Hathaway continued its aggressive purchases of the shares of Occidental Petroleum this week, lifting its stake in the big energy company to $6.9 billion, according to a filing Friday evening.   The buying reflects the enthusiasm of Berkshire Hathaway (ticker: BRK/A, BRK/B) CEO … Read more

Occidental Petroleum Stock Spikes. Here Are the Reasons Why.

Text size Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons why. First, oil prices were surging Monday on supply fears as the U.S. and its allies were considering a ban on Russian oil after Moscow’s invasion of Ukraine. West Texas intermediate crude oil, the U.S. benchmark, rose 6% to … Read more