Berkshire Hathaway to Receive $1.642 Billion Dividend

From Occidental Petroleum

Breaking News

Warren Buffett's Berkshire Hathaway is set to receive a $1.642 billion dividend from Occidental Petroleum, reflecting the company's substantial investment in the energy firm. Berkshire owns approximately 2,281 million shares of Occidental common stock.

The dividend payment represents a significant return on Berkshire's investment, which has steadily grown in recent years. The company is expected to receive the dividend on a specific ex-dividend date, which has yet to be announced.

The dividend is a testament to Occidental's strong financial performance and its commitment to returning cash to shareholders. It is also a positive development for Berkshire, which relies on dividends and investment gains to fuel its growth.