Berkshire Hathaway May Be in Red on Its Big Stake in Occidental Petroleum

Berkshire Hathaway CEO Warren Buffett has steadily accumulated a 28% stake in Occidental Petroleum since early 2022, but has little to show for it. Barron’s believes that Berkshire is in the red on that holding, which totals 255 million shares now worth $13 billion. Occidental is one of Berkshire’s largest equity purchases in recent years.