warren buffetts berkshire hathaway inc brk brk bought over 58 million shares of occidental petroleum corporation oxy between march 3 and march 7 according to a regulatory filing this is the first purchase of occidental shares disclosed by berkshire hathaway after sept 2022 according to a reuters report that puts the buffetowned firms current stake in the company at 222 also read how to invest in startups berkshire paid 35451 million for 58 million occidental shares between march 3 and march 7 the filing shows shares of occidental lost 033 since the beginning of the year occidental reported fourthquarter revenue of 833 billion and adjusted earnings per share of 161 which missed average analyst estimates of 180 the company said it repaid 11 billion of debt during the fourth quarter bringing total debt repayments for the year up to 105 billion shareholding in august berkshire won us federal energy regulatory commission permission to purchase up to 50 of occidental’s common stock a reuters report said currently berkshire holds 20015 million shares in the company at an estimated valuation of over 12 billion based on occidental shares tuesday closing price of 6085 in sept 2022 berkshire loaded up over 598 million shares of occidental at over 352 million berkshire also owns 10 billion of occidental preferred stock that gives 800 million in annual dividends berkshire also owns warrants to buy another 5 billion of common stock the reuters report said read next elerian says powell’s comments put fed in tricky dilemma with 2 options ‘both come with reputational risks’