Part of the half-million dollar price tag is down to Buffett resisting stock-splits ever since he purchased the company in 1965.
Buffett's Berkshire Hathaway scooped up another 18 million Occidental shares in three days, raising its stake to 136 million shares or 15%.
Berkshire Hathaway stock has seen significant outperformance relative to the S&P 500 over the past one-, three-, five-, ten-, and 20-years periods.
Buffett snapped up 27.1 million shares in three days this week, lifting Berkshire Hathaway's Occidental stake by 30% to 118 million shares.
Buffett determined Occidental CEO Vicki Hollub was making exactly the right moves, and swiftly built an almost 10% stake in the energy company.
The activist investor slammed Occidental's financing deal with Buffett's Berkshire Hathaway in 2019 as overly generous to the conglomerate.
"I'll venture a rare prediction: BNSF [Railway] will be a key asset for Berkshire and our country a century from now," Buffett said.
The investor's company plowed about $3.1 billion into the energy stock in three days, tripling the size of its new position to 91 million shares.
The famed investor has warned a nuclear attack is inevitable, and poses the greatest danger to his company, the US, and the world.
Buffett ended his 2022 shareholder letter by discussing the career advice he gives to college students and talked about his own early "stumbles."
Buffett's Berkshire Hathaway is poised to own 80% of Pilot, a truck-stop operator with about $45 billion in yearly revenues.
Buffett's sprawling conglomerate was hit by a winter storm, a yarn shortage, and a lack of warehouse workers and truck drivers last year.
Charlie Munger said Vladimir Putin's seizure of Crimea reminded him of Adolf Hitler, while Buffett warned conflicts can have unexpected consequences.
Berkshire Hathaway capitalized on resurgent demand for housing, furniture, construction materials, cars, microchips, and private-jet trips in 2021.
The investor's company has racked up unrealized gains of 3,800% on Moody's, 1,800% on American Express, and 1,700% on Coca-Cola as of December 31.
The billionaire investor said he would buy stocks even if World War III was coming, and noted the value of money typically falls during conflicts.
The billionaire investor and Berkshire Hathaway CEO recalled battling to extract oil and withdraw equipment from a drilling site in Siberia.
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