June 28 (Reuters) - Berkshire Hathaway Inc (BRKa.N) said on Wednesday it has acquired more shares of Occidental Petroleum Corp (OXY.N), boosting its stake in the oil company to above 25%.
The conglomerate, controlled by billionaire Warren Buffett, said in a regulatory filing that it paid about $122.1 million for 2.14 million Occidental shares between June 26 and June 28.
Berkshire had also purchased about 4.66 million Occidental shares on May 30.
It also recently owned about $9.5 billion of Occidental preferred stock carrying an 8% dividend, plus warrants to buy another $5 billion of Occidental shares at $59.62 each.
Berkshire had amassed a 22.6% stake in the BNSF railroad before paying $26.5 billion for the remainder in 2010.
Persons:
Warren Buffett, Buffett, We're, We've, Jonathan Stempel, Sherry Jacob, Phillips
Organizations:
Berkshire Hathaway Inc, Occidental Petroleum Corp, Occidental, Berkshire, Anadarko Petroleum Corp, BNSF, Apple Inc, Thomson
Locations:
Berkshire, Houston, Russia, Ukraine, Occidental, Omaha , Nebraska, Bengaluru