Berkshire Hathaway Puts Cash Reserves To Work Buying This Warren Buffett Favorite

Blockhead
02-12

Warren Buffett's cash reserves have been at all-time highs but he's put some of that back to work, scooping up more shares Occidental Petroleum (OXY), building his stake to more than 28% in the company. Buffett's Berkshire Hathaway (BRKB) purchased 763,000 OXY shares on Feb. 7 for an average price of $46.82, according to a regulatory filing late Tuesday. With…

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