Warren Buffett sells stake in western oil giant – OilPrice.com
Warren Buffett’s Berkshire Hathaway has sold its common stock stake in Occidental Petroleum, according to a regulatory filing cited by Bloomberg.
Berkshire Hathaway had bought $ 10 billion of Oxy shares to help fund the company’s acquisition of Anadarko, which, in retrospect, turned into one of the most untimely acquisitions in the history of the oil. The acquisition cost Oxy around $ 55…