Warren Buffett’s Berkshire HathawayPurchased an additional 18.1million shares Occidental PetroleumFor almost $1 billion in the three first days of this week

The following are some examples SEC filing Wednesday shows it paid a weighted average of $54.41 per share, a total of $985 million for the news shares.

They were worth $959 Million at Wednesday’s closing of $52.99

Berkshire reports now owning 136.4 millions common shares of OXY, an oil giant currently worth $7.2 billion. It represents 13% more shares than OXY has outstanding.

Berkshire holds warrants that allow it to purchase nearly 84 million shares more at a price below $60 per share. They were part of the acquisition of company shares. 2019 deal that helped finance Occidental’s purchase of Anadarko.

Berkshire has a stake of almost 22% when they are added, which is the number that the SEC monitors.

Berkshire now holds 136,000,000 common shares. They were all purchased in the 13 most recent trading days.

Occidental’s shares rose more than 80% as the oil price soared to multi-year highs. Berkshire Hathaway A shares closed above $500,000For the first time, Wednesday was the day.

March 7th, CNBC’s Becky Quick reported on “Squawk Box” that Buffett told her, “We started buying on Monday [February 28]And we purchased all that we could.” Berkshire added 45,000,000 shares to its initial purchase of 91,000,000 shares in the second week.

Quick heard Buffett tell Buffett that after reading an article, he made the decision to purchase a house on Saturday. transcript of Occidental’s February 25 earnings conference call.

“I read everything and decided that this was exactly what I’d do. She’s [CEO Vicki Hollub]Buffett shared his wisdom with Becky about running the business the right way.

Berkshire quickly purchased warrants and a stake in Berkshire that surpassed the 10% threshold. It must then disclose any additional purchases within 2 business days.