This is not a stock advice nor investment advice; What is better for WB may/may not be suitable for is.
There are many people thinking why BRKB/BRKA keeps going up when market is going down. Trying to analyze the details.
Last 2 qtrs, Jun-Dec 2021, Berkshire is overall selling stocks (re-adjusting portfolio) and moving to cash. The only major purchases where buying back his shares.
From Dec 2021 onwards, WB is purchasing more shares of OXY, absorbing warrants, adding more till last week eventually invested the highest owner with 7B (more than 10% owner) status.
What is he doing and why is he doing?
During 2019, OXY purchased Anadarko basin company with 37B takeover with the help of WB lending 10B preferential shares with 8% dividend, have warrants (which he excised now).
OXY sold many parts of that takeover but retained Permian Basin oil lands.
With Russia war, USA cuts of oil & gas imports from Russia, we need to explore new sources/drilling to match the demand and supply. All oil exploration gets boost including OXY.
With takeover of Anadarko basin, OXY becomes biggest oil field land owner, next comes chevron, Exxon..etc
https://fingfx.thomsonreuters.com/gfx/editorcharts/CHEVRON-PERMIAN/0H001QX8M8KV/index.html
However, OXY is the 20th market cap of the top 20 companies in the world while Exxon and Chevron ranks 2 & 3.
https://companiesmarketcap.com/oil-gas/largest-oil-and-gas-companies-by-market-cap/
When oil sanctions continue for many years, OXY may grow faster in the ladder as orders and profits continue to grow, chances of higher growth is bright.
WB forecasting that OXY may grow multifold from here and placing 7B bet now.
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