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.