Warren Buffett's Berkshire Hathaway Inc has resumed its purchases of Occidental Petroleum Corp shares after a five-month hiatus, increasing its stake in the oil company to about 22.2%, a regulatory filing showed on Tuesday.
Berkshire began buying large quantities of the Houston-based company's stock about one year ago.
Accounting rules normally require the equity method above the 20% threshold, reflecting an assumption that the holder might exert significant influence.of cash and equivalents. It plans to keep a $30 billion cushion.
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