Berkshire's stake in Occidental has now reached 20.8% after steadily increasing the bet over the past few months.
In August, Berkshire received regulatory approval to purchase up to 50%, spurring speculation that it may eventually buy all of of Houston-based Occidental.
Shares of Occidental retreated 18% over the past month as oil prices dropped on rising recession fears.
Berkshire also holds warrants to buy another 83.9 million common shares for $5 billion, or $59.62 each.
The Berkshire stake in Occidental would rise to 27.4% if it exercised those warrants.