Warren Buffett buys Occidental shares for 9 days, pushes his stake to nearly 29%

- Warren Buffett's Berkshire Hathaway has been purchasing shares of Occidental Petroleum consistently over the past nine days, raising their stake in the company to almost 29%. - Berkshire Hathaway bought over 7.3 million shares with prices fluctuating around $60. - Berkshire Hathaway also owns $10 billion of Occidental preferred stock and has warrants to purchase an additional 83.9 million shares. - Occidental is now Berkshire's sixth largest stock holding. - Occidental CEO Vicki Hollub is praised by Buffett for running the company well. - Buffett made the decision to invest in Occidental after reading a transcript of their earnings conference call. - Occidental also pays a 1.5% dividend. - Buffett took advantage of market volatility in 2022 to acquire 14% of the company quickly. - Warren Buffett has been buying Occidental Petroleum (OXY) shares for 9 straight days - His stake in Occidental is now nearly 29% - Berkshire Hathaway (BRK.A) is now Occidental's biggest institutional investor - Berkshire also owns $10 billion of Occidental preferred stock and has warrants to buy more common shares - Occidental CEO Vicki Hollub is running the company well according to Buffett - Buffett started buying Occidental after reading a transcript of the company's earnings conference call - Occidental pays a 1.5% dividend yield - Buffett took advantage of market volatility in early 2022 to acquire a significant stake in Occidental - Buffett clarified that he wouldn't take full control of Occidental despite speculation of a takeover action - Buffett said he finds it incredible to acquire a large stake in a company like Occidental in a short amount of time