Here's Why Warren Buffett-Led Berkshire Hathaway Doesn't Want to Own 100% of Occidental Petroleum Stock
Occidental Petroleum (NYSE: OXY) is a $53.3 billion exploration and production company headquartered in Houston, Texas. It isn't the size of Apple, Bank of America, American Express, Coca-Cola, or Chevron (NYSE: CVX) -- Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) top five holdings (all have a market cap over $150 billion).
Yet, Berkshire has invested over $15 billion in Oxy, owning a staggering 28.2% of the entire company. Five years ago, Berkshire owned no Oxy stock.
At this rate, it would be easy to assume that Buffett and his team would buy out the whole company. But Buffett sent a clear message that this wouldn't be the case. Here's why.
Source Fool.com
Berkshire Hathaway Inc. A Stock
€605,000
0.500%
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 7.44% compared to the current price of 605000.0 € for Berkshire Hathaway Inc. A.
