Buffett's Berkshire Buys Big Exxon Mobil Stake

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Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp (XOM.N), after buying 40.1 million shares in the world's largest publicly traded oil company.

Warren Buffett

Warren Buffett's Berkshire Hathaway Inc (BRKa.N) (BRKb.N) on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp (XOM.N), after buying 40.1 million shares in the world's largest publicly traded oil company.

The purchase was disclosed in a U.S. Securities and Exchange Commission filing that detailed Berkshire equity investments, mostly listed on U.S. exchanges, as of September 30.

Berkshire also disclosed other changes to its holdings, including a reduced stake in another oil company, ConocoPhillips (COP.N).

U.S. regulators require large investors to disclose their stock holdings every quarter, and the disclosures can offer a window into their strategies for buying and selling stocks.

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