Warren Buffett's Berkshire Hathaway (BRK-A, BRK-B) purchased an additional $590 million worth of Occidental Petroleum (OXY) shares. It comes after Occidental announced it is acquiring CrownRock in a $10.8 billion deal. With the new purchases, Berkshire now has a 27% stake in Occidental.
Yahoo Finance’s Seana Smith and Brad Smith explain the deal.
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