(Boursier.com) — Western Petroleum is gaining ground before the stock market on Wall Street, while Warren Buffett’s firm, Berkshire Hathaway, has just strengthened its stake in the American oil group. Berkshire thus continued its purchases, with the acquisition of more than 794,000 additional shares last Thursday. The participation of the Omaha firm in the capital of Occidental Petroleum has now reached 16.4%. This new capital increase was carried out in several transactions for a cumulative amount of 44 million dollars. A week earlier, Berkshire had purchased 9.6 million Occidental shares. Now Buffett’s firm owns nearly 154 million Occidental shares worth more than $9 billion.
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