Nanya Technology Shares Surge 10% After $2.5 Billion Private Placement from Sandisk and Cisco 
Golden Dome Missile Defense: Anduril and Palantir Join Forces on Trump's $185B Space Shield 
Elon Musk Announces Terafab: SpaceX and Tesla to Build Dual AI Chip Factories in Austin, Texas 
SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion 
Finnair Orders 18 Embraer E195-E2 Jets in Landmark Fleet Overhaul 
Berkshire Hathaway and Tokio Marine Form Major Strategic Insurance Partnership 
Rio Tinto's Resolution Copper Mine: U.S. Smelting Challenges and Global Operations Update 
Henkel in Advanced Talks to Acquire Olaplex at $2 Per Share 
Air Canada Express Crash at LaGuardia: Controller Distracted by Prior Emergency 
Sonova Shares Slip as Hearing Aid Giant Lowers Growth Outlook and Plans Sennheiser Exit 
OpenAI Pulls the Plug on Sora, Ending $1 Billion Disney Partnership 
Citi Names Eric Farina and Rob Cascarino to Lead Global Infrastructure Financing Group 
Goldman Sachs Raises ECB Rate Hike Forecast Amid Persistent Energy-Driven Inflation 
Lynas Rare Earths Signs Vietnam Deal with LS Eco Energy to Boost Magnet Metal Production 
Merck's $6 Billion Bid for Terns Pharma Signals Bold Oncology Push 
Global Flight Cancellations 2026: Middle East Air Travel Chaos Explained 
AWS Bahrain Region Disrupted by Drone Activity Amid Middle East Conflict 
Berkshire Hathaway Inc. (NYSE: BRKa), led by Warren Buffett, increased its stake in Occidental Petroleum Corporation (NYSE: OXY) as the stock traded near two-year lows. A recent SEC filing revealed that Berkshire acquired an additional 763,017 shares in February at $46.8195 per share, totaling $35.7 million. This purchase brings Berkshire’s total holdings in Occidental to 264.9 million shares.
Occidental’s stock has struggled in 2025, down 2.4% year-to-date, as oil prices weakened. Berkshire previously bought more shares in December under similar conditions. Buffett, a long-time supporter of Occidental, values its consistent dividends but has ruled out a full acquisition.
Oil prices have dropped sharply in recent weeks after U.S. President Donald Trump pledged to boost domestic energy production, signaling a potentially looser supply market. Additional concerns over demand arose following new trade tariffs imposed by Trump, sparking fears of slower economic growth and reduced oil consumption.
Buffett’s investment strategy often involves buying undervalued assets, and Occidental remains a key part of Berkshire’s portfolio as its sixth-largest holding. With oil price volatility persisting, investors continue to watch Buffett’s moves closely.
