Occidental Rises as Buffett's Berkshire Buys More Shares

Warren Buffett's Berkshire Hathaway has increased its stake in an oil company, spending $44 million more to acquire nearly 800,000 additional shares. This move raises Berkshire's ownership to 16.4% of the company's outstanding shares. Despite the significant rise in the company's stock price, Buffett continues to see it as a value play and is not deterred by recession fears or the rise of electric vehicles. His investment strategy includes significant holdings in both Chevron and Oxy, as well as a dominant position in Apple. Buffett's approach reflects a strong belief in the future of oil and a diversified portfolio that balances technology and energy investments.

What percentage of the outstanding shares does Warren Buffett's Berkshire Hathaway now own after increasing its stake?

• 10.4%

• 18.4%

• 12.4%

• 16.4%

Why does Buffett continue to invest in the oil company despite the rise in share prices?

• He believes the shares are undervalued.

• He is looking to diversify his portfolio.

• He is concerned about a potential recession.

• He wants to reduce his stake in technology.

What recent global event is mentioned as potentially optimistic for oil prices?

• European Union lifting sanctions

• US increasing oil production

• OPEC reducing oil output

• China cutting quarantine time

Which sectors are highlighted as part of Buffett's broader investment strategy?

• Finance and retail

• Automotive and agriculture

• Technology and energy

• Real estate and healthcare

What was the value of Buffett's stake in Apple during the 2021 rally?

• $130 billion

• $100 billion

• $120 billion

• $110 billion