Berkshire Hathaway buys 9.9 mln more Occidental shares, has 17.4% stake [Reuters]
Occidental Petroleum Corporation (OXY)
Last occidental petroleum corporation earnings: 2/27 04:13 pm
Check Earnings Report
US:NYSE Investor Relations:
oxy.com/investors/pages/default.aspx
Company Research
Source: Reuters
Berkshire paid about $582 million for the shares, which it bought between Wednesday and Friday, according to a Friday night filing with the U.S. Securities and Exchange Commission. Buffett's company is Occidental's largest shareholder, now owning 163.4 million shares worth about $9.9 billion. Its stake is about 60% larger than that of Vanguard, the next largest shareholder, according to Refinitiv data. Berkshire also owns warrants to buy another 83.9 million Occidental shares for $5 billion. Occidental's share price has more than doubled this year, benefiting from Berkshire's purchases as well as rising oil prices following Russia's invasion of Ukraine. The Berkshire investment has prompted market speculation that Buffett's Omaha, Nebraska-based conglomerate might eventually buy all of Occidental. In a June 23 research report, Truist Securities analyst Neal Dingmann saw a "good chance" of a Berkshire takeover once Occidental became an investment-grade credit, saying a pur
Show less
Read more
Impact Snapshot
Event Time:
OXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OXY alerts
High impacting Occidental Petroleum Corporation news events
Weekly update
A roundup of the hottest topics
OXY
News
- Is Most-Watched Stock Occidental Petroleum Corporation (OXY) Worth Betting on Now? [Yahoo! Finance]Yahoo! Finance
- Calculating The Fair Value Of Occidental Petroleum Corporation (NYSE:OXY) [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum (OXY) Stock Moves -0.36%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Wells Fargo & Company from $62.00 to $70.00. They now have an "equal weight" rating on the stock.MarketBeat
- Occidental Petroleum Co. (NYSE: OXY) had its price target raised by analysts at Mizuho from $69.00 to $70.00. They now have a "neutral" rating on the stock.MarketBeat
OXY
Earnings
- 2/14/24 - In-Line
OXY
Sec Filings
- 4/17/24 - Form PX14A6G
- 4/10/24 - Form 8-K
- 3/21/24 - Form 4
- OXY's page on the SEC website