Berkshire Hathaway has committed a $10 billion preferred stock investment in Occidental Petroleum.

Occidental is the first U.S. oil and gas company to endorse the World Bank’s "Zero Routine Flaring by 2030" initiative to reduce greenhouse gas emissions and utilize a valuable energy resource. Read More Shareholders of Anadarko Petroleum Corporation have overwhelmingly approved their company’s acquisition by Occidental Petroleum (Oxy) for $55 billion in … HOUSTON - Occidental Petroleum today announced the successful completion of its acquisition of Anadarko Petroleum in a transaction valued at $55 billion, including the assumption of Anadarko… The investment is contingent on the company completing its proposed takeover of Anadarko Petroleum.

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