Occidental Petroleum Stock Jumps 4.4% After Buffett's Berkshire Hathaway Increases Stake

Occidental Petroleum's stock surged 4.4% to $47.36 after Warren Buffett's Berkshire Hathaway bought an additional 8.9 million shares. The move comes after the stock hit a two-year low, with options traders betting on a potential rebound. Despite a 21.1% drop this year, the purchase signals confidence in the energy producer.