Warren Buffett's Berkshire Hathaway Is Buying More Shares of Occidental Petroleum. Should You Buy the Beaten-Down Oil Stock?
Warren Buffett's company, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B), can't seem to get enough of Occidental Petroleum (NYSE: OXY). The conglomerate recently purchased another 8.9 million shares of the oil company for $405 million.