Trio Petroleum

Berkshire Hathaway reveals $5 billion stake in oil giant Occidental Petroleum

As of Friday, Berkshire owns 91.2 million common shares of the oil giant. They’re worth $5.1 billion at tonight’s close of $56.15. The stock gained 18% today and 45% this week. It’s been moving sharply higher along with the price of oil, which has soared to around $115 barrel in the wake of the Russian invasion of Ukraine.

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