Occidental Stock Jumps As Warren Buffett Boosts Stake To $7 Billion

Occidental Petroleum  (OXY) – Get Occidental Petroleum Corporation Report shares were a rare standout gainer in pre-market trading Thursday after billionaire investor Warren Buffett added to his stake in the oil major following the exit of activist Carl Icahn.

Buffett’s Berkshire Hathaway  (BRK.A) – Get Berkshire Hathaway Inc. Class A Report  (BRK.B) – Get Berkshire Hathaway Inc. Class B Report investment group filed papers with the Securities and Exchange Commission indicating it owed 136.37 million shares of Occidental as of March 16, following purchases of around $985 million of stock between March 14 and March 16 at an average price of around $54.41 per share. 

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