Thursday, August 3, 2023

Another All-Time High — BRK — Oil Holdings -- August 3, 2023

Locator: 45321INV. 

BRK reports earnings this Saturday, August 5, 2023. 

OMAHA, Neb.--(BUSINESS WIRE)--Aug 3, 2023--

(BRK.A; BRK.B) – Berkshire Hathaway Inc.’s second quarter earnings release and its quarterly report on Form 10-Q will be posted on the Internet on Saturday, August 5, 2023, at approximately 7:00 a.m. Central time where it can be accessed at www.berkshirehathaway.com.

See previous note on same.

Today, even more definitively, BRK-B was up.

BRK-B up 0.75%; up $2.62; trading at $353.81 and notching another new high. Down minimally after hours.

Helping: OXY was up; AAPL’s big decline occurred after hours.

Buffet's oil holdings, IBD, August 3, 2023, Warren Buffett And His Energy Plays

On July 10, Warren Buffett upped his bet on liquefied natural gas, agreeing to buy the Dominion Energy share of the Maryland-based Cove Point LNG export plant in a $3.3 billion deal. Berkshire already owns a stake.
Meanwhile, on June 28 Buffett announced Berkshire purchased an additional 2.14 million shares of OXY over three days. Berkshire bought Occidental Petroleum stock at prices between 57.01-57.17. The OXY purchases brought Berkshire's total stake in Occidental Petroleum to 25%.
Buffett sold around $6 billion worth of Chevron stock in the first quarter, according to Berkshire's Q1 financial report. Buffett's outfit reported reducing CVX holdings to $21.6 billion as of March 31. Warren Buffett began buying the Dow Jones stock in 2020. Prior to Buffett's Q1 decision to sell, Berkshire Hathaway amassed a stake totaling 167 million CVX shares, worth around $29 billion.

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