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-0.00129701686121922 -0.00156171417983544 -0.00179994176658992 -0.0013499563249424 -0.00198522988962122 -0.00272638238174655 -0.00196458349876922 -0.00166759310728181
Stock impact report

UPDATE 2-Berkshire Hathaway to take Occidental shares instead of cash dividends [Reuters]

Berkshire Hathaway Inc. New (BRK.B) 
Last berkshire hathaway inc. new earnings: 11/2 07:00 am Check Earnings Report
US:NYSE Investor Relations: berkshirehathaway.com
Company Research Source: Reuters
Berkshire Hathaway to take Occidental shares instead of cash dividends HOUSTON (Reuters) - Warren Buffett’s Berkshire Hathaway Inc agreed to take Occidental Petroleum Corp common shares in lieu of a first-quarter cash dividend, helping relieve the strain on the oil giant’s balance sheet. Berkshire can immediately sell the shares, according to a regulatory filing on Wednesday, but has not indicated its intent. A sale would bring in less than $230 million at Occidental's current price. bit.ly/2VbgJUU ) The conglomerate last year bought $10 billion worth of Occidental’s preferred shares to help finance its $38 billion acquisition of Anadarko Petroleum. The deal was a bet on rising shale oil prices months ahead of the worst price crash in decades, and saddled Occidental with a huge debt load at a time when there are few buyers for assets to offset the acquisition cost. Global fuel demand has fallen as much as 30 million barrels per day (bpd), or 30%, this year as efforts to fight the coro Show less Read more
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