Warren Buffett and Insiders Love These Stocks: Top 5 Stocks

3. Occidental Petroleum Corporation (NYSE:OXY)

Berkshire Hathaway’s Q2 2023 Investment: $13.1 billion

Occidental Petroleum Corporation (NYSE:OXY) is an oil and gas exploration and production company with a global operations base. The firm wooed environmentalists in August when it bought a carbon capture technology developer for a $1.1 billion price tag.

By sifting through 910 hedge funds for their June quarter of 2023 investments, Insider Monkey determined that 73 had bought and invested in the company’s stock. Occidental Petroleum Corporation (NYSE:OXY)’s biggest hedge fund shareholder among these was Berkshire Hathaway courtesy of its $13.1 billion stake. While Berkshire purchased hundredsd of millions of dollars of stock in March 2022, the company’s president Ms. Vicki Hollub also bought 14,191 shares for an average price of $56.24 during the same time period.

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