Berkshire Hathaway Inc. (BRKA)(BRKA) revealed new stakes in furniture maker RH (RH) and energy company Occidental Petroleum Corp. (OXY), according to a filing on Thursday. The conglomerate led by legendary investor Warren Buffett owned about 1.2 million shares of RH, formerly known as Restoration Hardware, and nearly 7.5 million shares of Occidental. It trimmed stakes in Apple Inc. (AAPL) and Wells Fargo (WFC), among other companies. In April, Berkshire committed $10 billion to help Occidental's bid for Anadarko Petroleum Corp. , giving Occidental an edge over Chevron Corp (CVX), which was also vying for Anadarko and later bowed out. Shares of RH rallied more than 6% in the extended session, while Occidental stock rose 1.6%.
-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
November 14, 2019 16:52 ET (21:52 GMT)
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