Warren Buffett

Big Oil
Crude Oil
Oil
Warren Buffett

Here’s Why Warren Buffett Loves Oil Giant Occidental Petroleum

(Bloomberg) — Famed investor Warren Buffett is steadily snowballing a stake in Occidental Petroleum Corp. in what could end up being his biggest-ever acquisition. His Berkshire Hathaway Inc. on Friday won approval to buy as much as 50% of the shares. Some investors believe it’s a step toward a full takeover, which may end up […]

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Berkshire Hathaway
Warren Buffett

Buffett’s Berkshire Pounces on Market Swoon to Buy Equities

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. is following an age-old adage: Buy the dip. The conglomerate was a net buyer of equities in the quarter, reporting $45.2 billion in purchases after subtracting sales in second-quarter results released Saturday. It bought a total of $41.4 billion in shares in the first three months of 2022 […]

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Berkshire Hathaway
Warren Buffett

Berkshire Results May Show Toll of Inflation, Market Turbulence

(Bloomberg) — Berkshire Hathaway Inc. is about to give investors a look at how the conglomerate is handling spiraling inflation, rate hikes and a market downturn that’s weighed on some of its largest holdings. Warren Buffett’s Berkshire is set to report second-quarter results Saturday, and the sharp sell-off that’s dogged markets in the first half […]

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Banking Sector
Banks
Warren Buffett

Buffett Exits Wells Fargo Stake, Ending Decades-Long Bet on Bank

(Bloomberg) — Warren Buffett demonstrated he’s still bullish on U.S. retail banking — but not on Wells Fargo & Co. The billionaire investor ended his long-running bet on Wells Fargo during the first quarter, according to a filing Monday from his Berkshire Hathaway Inc. Berkshire also reported new stakes in banking giant Citigroup Inc. and […]

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Inflation
Inflation Stocks
Warren Buffett

Buffett Lures Omaha Disciples With Stock Buys, Inflation Warning

(Bloomberg) — As war broke out in Europe and U.S. inflation soared, Berkshire Hathaway Inc.’s Warren Buffett was doubling down on a tried-and-trusted strategy to navigate the fallout. The billionaire investor went on his biggest stock buying spree for at least a decade, undeterred by the geopolitical turmoil and fears of runaway inflation. He and […]

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Berkshire Hathaway
Big Oil
Oil
Warren Buffett

Buffett Kicks Off Annual Meeting With Boost to Chevron Stake

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc., which contended for years with high valuations stifling deal prospects, is back on its stock-buying game. The conglomerate made roughly $41 billion of net purchases in the first quarter, including a boost to its Chevron Corp. stake that vaulted the investment into Berkshire’s top four common stock holdings. […]

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Pension
Pension Plans
Retirement Accounts
Warren Buffett

U.S. Pension Giant to Vote to Replace Buffett as Berkshire Chair

(Bloomberg) — California Public Employees’ Retirement System, the largest public pension fund in the U.S., said it plans to vote for a shareholder proposal that Berkshire Hathaway Inc. replace billionaire Warren Buffett as chairman. The fund has over $450 billion in assets under management and about $2.3 billion in Berkshire shares, it said in a […]

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Computer Hardware
Personal Computers
Warren Buffett

Buffett’s Berkshire Hathaway Builds New $4.2 Billion HP Stake

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. bought a stake in HP Inc. valued at more than $4.2 billion. Shares of the laptop maker surged as much as 10%. Berkshire bought some of the stock earlier this week in multiple transactions and now holds an investment of about 121 million shares in the computer company, […]

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Oil Bulls
Oil Exploration
Oil Production
Oil Stocks
Warren Buffett

Occidental Petroleum’s Best Quarter Ever Blows Away Stock Market

(Bloomberg) — Fueled by its leverage to rising oil prices and a big boost from the world’s top investor, Occidental Petroleum Corp. doubled this quarter and is the best performer in the S&P 500. It is quite a turnaround for the oil explorer, which has struggled for years. The shares soared 101% over the last […]

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Stock Options
Warren Buffett

Buffett Is Sitting on Occidental Warrants That Could Give Him a 23.6% Stake

(Bloomberg) — Warren Buffett’s Occidental Petroleum Corp. warrants are looking increasingly attractive as the share price climbs. As part of Berkshire Hathaway Inc.’s $10 billion investment in the oil company in 2019, Buffett has the option to acquire 83.86 million shares at $59.62 each, a level that the stock has closed above the past two […]

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Oil
Warren Buffett

Buffett Dives Deeper Into Occidental With Share Purchases

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. snapped up 18.1 million additional shares of Occidental Petroleum Corp., giving the conglomerate a 14.6% stake in the oil giant. Berkshire bought the shares between Monday and Wednesday at prices ranging from $52.99 to $55.38, according to a filing late Wednesday. Buffett’s company is digging even deeper into […]

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Cash Allocation
Free Cash Flow
Value Investing
Warren Buffett

Buffett Chips Away at Cash Pile With Bigger Occidental Bet

(Bloomberg) — Warren Buffett’s high-class problem of too much cash and too few opportunities may be easing. His Berkshire Hathaway Inc. disclosed Friday that it had snapped up almost 30 million additional shares of Occidental Petroleum Corp., worth roughly $1.6 billion midday Monday amid volatility in stocks due to a potential ban on Russian oil […]

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Crypto
Warren Buffett

Warren Buffett just invested $1 billion in crypto

Maybe cryptocurrency isn’t “rat poison” after all? Those were once the words of Warren Buffett, the famous investor called the “sage of Omaha” for knowing things before the rest of the market. Now his money is saying otherwise. Specifically, his company Berkshire Hathaway has bought $1 billion worth of stock in a digital bank that […]

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Warren Buffett

Buffett’s Berkshire Takes Activision Blizzard Stake, Exits Teva

(Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. took a stake in Activision Blizzard Inc., the game giant that has agreed to be acquired by Microsoft Corp., in an investment that would have been valued at $975 million at the end of the year. Berkshire held nearly 14.7 million shares in the video-game company as of […]

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Warren Buffett

Warren Buffett’s Top Stock Last Year Was the Bank He’s Been Bailing On

(Bloomberg) — Warren Buffett’s best-performing stock last year? One he’s been dumping. Wells Fargo & Co. shares delivered a total return of 61% last year, outpacing every other company listed in the most recent public snapshot of Berkshire Hathaway Inc.’s portfolio, as of Sept. 30, according to data compiled by Bloomberg. That trounced the performance […]

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