Famed investor Warren Buffett is steadily increasing his stake in Occidental Petroleum in what could end up being the biggest acquisition he’s ever made. Berkshire Hathaway on Friday won approval to buy up to 50% of the shares. Some investors believe this is a step toward a full takeover, which could ultimately cost more than […]
Tag: Warren Buffett
Berkshire Hathaways: Losses of $43.8B in Q2 – Operating Profits Improved
A slide in U.S. stock prices punished Berkshire Hathaway’s bottom line in the second quarter, as billionaire Warren Buffett’s company posted a $43.8 billion loss, Reuters reported. Still, Berkshire saw an improvement in operating results, as income from insurance and BNSF railroad offset a loss from auto insurer Geico. Quarterly operating profit rose 39% to […]
Warren Buffett’s big bet on Occidental oil
by Ian Palmer Billionaire Warren Buffett has been buying Occidental Petroleum shares since 2019. His stake has reached 20% of the company, worth about $180 million. Like all major oil companies, Occidental’s share price has soared 80% since the start of the year. Some observers believe Buffett intends to buy Occidental, as he did with […]
Buffett’s advice to the ‘barbarians’ on Japan’s doorstep
By Gearoid Reidy If the “barbarians” are at Japan’s gates, Japan itself is opening the door for them. The country is becoming more and more tolerant of foreign private equity funds and activist investors, a development that gives the “intrepid” boards of Japanese companies the opportunity to apply the incomparable “wisdom” of the Western way […]
Warren Buffett ‘bought the fall’ in oil
With oil prices falling this month, billionaire investor Warren Buffett has made new energy stock purchases as investment group Berkshire Hathaway bought shares in Occidental Petroleum worth about $ 500 million this week. Buffett’s Berkshire Hathaway bought about 9.5 million shares of Occidental shares last week for a total of $ 530 million, according to […]
US: Dinner with investor Warren Buffett ‘closed’ at $ 19 million
An anonymous millionaire will pay just over $ 19 million to dine with US financier Warren Buffett after winning the 21st and final auction for a non-governmental organization that helps the homeless in San Francisco. The auction started last Sunday, with a starting price of $ 25,000. The price had reached $ 19,000,100 on Friday […]
Global 2000: Berkshire Hathaway ‘dethroned’ JPMorgan from the top of the US
By Isabel Contreras In a year of intense instability due to the global pandemic, which was exacerbated by war conflicts and supply chain disruptions, American companies have managed to continue on the path of growth. Forbes publishes the 20th annual Global 2000 list, which ranks the world’s largest listed companies by market value, sales, profits […]
Warren Buffett: Berkshire Hathaway has a 9.5% stake in Activision
Warren Buffett said Saturday that Berkshire Hathaway has acquired a 9.5% stake in Activision Blizzard, and made the most of that stake after Microsoft Corp. agreed to buy the video game company for $ 68.7 billion, according to Reuters agency. Berkshire had previously announced that it owned a much smaller stake in Activision, which had […]
Decreased profits for Warren Buffett’s Berkshire Hathaway in the first quarter of 2022
LAST UPDATE: 17:23 Warren Buffett’s Berkshire Hathaway net income was $ 5.46 billion, or $ 3.702 per share, up from $ 11.71 billion, or $ 7.638 per share, a year earlier, according to data released today by company. Berkshire Hathaway spent more than $ 51 billion on equities, including a much larger stake in Chevron. […]
Buffett’s Berkshire Hathaway acquired a 11.4% stake in HP
Warren Buffett’s Berkshire Hathaway revealed on Wednesday that it had bought nearly 121 million shares of HP Inc. stock, according to foxbusiness.com. Berkshire acquired the shares this week during a series of trades, according to Reuters. With this investment, Berkshire acquires an approximately 11.4% stake in HP, valued at approximately $ 4.2 billion. The company’s […]