Buffett's Berkshire owns 19.2% of Occidental Petroleum after new purchases

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(Reuters) – Berkshire Hathaway (NYSE:BRKa) Inc, run by Warren Buffett, said it has this week purchased another 4.3 million shares of Occidental Petroleum Corp (NYSE:OXY), giving it a 19.2% stake in the oil company.

In a U.S. Securities and Exchange Commission filing on Wednesday, Berkshire said it spent about $250 million on the additional shares, giving it ownership of about 179.4 million Occidental common shares worth approximately $10.4 billion.