Buffett continued to increase its holdings of Western oil shareholdings to 26.8%

Cover Journalist Zhu Ning

The latest form released by Western Petroleum official website on Friday (September 9), Buffett's shareholding ratio of the company exceeded one quarter.

The 13G form that has been submitted to the US Securities and Exchange Commission (SEC) shows that Berkshire Hathaway's shareholding on Western Petroleum has increased to 26.8%.

It is worth noting that the closest to the closest to this increase was August 8th, when Berkshire's shareholding of Western oil had just exceeded one -five (20.2%).This means that during a short month, Buffett raised this number at least 5 percentage points.

Since this year, Buffett has been expanding its shareholding on the oil company.Earlier on August 19, the Federal Energy Management Commission approved Berkshire's acquisition of Western oil shares on the grounds of "conforming to the public interest". The shareholding ratio of the secondary market can reach up to 50%.

As of the close of the day, Western oil reported 1.75%to $ 65.61 per share.

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