Berkshire May Buy as Much as 50% of Occidental Stock

The transcript discusses Berkshire Hathaway's intent to increase its stake in Occidental Petroleum, with Warren Buffett already holding a 20% share. The Federal Energy Regulatory Commission has approved the potential for Berkshire to acquire up to 50% of Occidental's stock. Buffett's interest is driven by Occidental's strong low carbon strategy and the company's management. The discussion also touches on the possibility of Berkshire eventually acquiring the entire company, given its history of owning companies outright.

What is the current stake of Berkshire Hathaway in Occidental Petroleum?

• 20%

• 50%

• 30%

• 10%

Why does Warren Buffett see potential in Occidental Petroleum?

• Due to its high oil prices

• Because of its strong low-carbon initiatives

• Due to its large market share

• Because it is a new company

When did Warren Buffett first get involved with Occidental Petroleum?

• 2015

• 2017

• 2019

• 2021

What does the Federal Energy Regulatory Commission's approval allow Berkshire Hathaway to do?

• Increase its stake to 30%

• Merge with another energy company

• Buy up to 50% of Occidental's stock

• Sell its shares in Occidental

What is a potential future action Berkshire Hathaway might take regarding Occidental Petroleum?

• Sell all its shares

• Acquire the entire company

• Reduce its stake to 10%

• Merge with another oil company