Warren Buffett not expected to bid for control of Occidental following approval for bigger stake

Warren Buffett, chairman and CEO of Berkshire Hathaway. (AP) — Warren Buffett, chairman and CEO of Berkshire Hathaway. (AP)

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5 min read . Updated: 22 Aug 2022, 05:37 PM IST AKANE OTANI, The Wall Street Journal

Green light to buy up to 50% of oil company enables Berkshire to avoid bumping up against FERC-imposed limit

Warren Buffett’s bid to boost his big stake in Occidental Petroleum Corp. even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionaire, at least for now.