Between July 14 and 18, Warren Buffett and Berkshire Hathaway purchased 1.94 million shares of Occidental Petroleum Corp.‘s common stock for about $112 million, according to regulatory filings, raising the holding company’s total current stake in the company to over $11 billion.
Is it safe to say that we can now look back at Occidental’s $58 billion acquisition of Anadarko Petroleum Corp. in 2019 as an improbable success story? Perhaps. One thing that is certain is that many investors, executives, and practitioners will not soon forget the means by which Occidental and its CEO, Vicki Hollub, got Anadarko ...
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