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Buffett’s firm buys more Apple shares while betting on oil

KVIA

By JOSH FUNK
AP Business Writer

OMAHA, Neb. (AP) — Warren Buffett’s company bet more on high-tech darling Apple during the second quarter. But it also invested billions in old-school oil producers Occidental Petroleum and Chevron. Berkshire Hathaway detailed all its second-quarter investments Monday. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful track record. Berkshire had already disclosed its biggest move in the quarter — investing more than $1.4 billion in oil producer Occidental Petroleum — but Monday’s filing revealed a number of smaller moves Berkshire made during the second quarter, including adding to its stakes in Apple, Chevron, Ally Financial, Paramount Global and Activision Blizzard.

Article Topic Follows: AP National Business

Associated Press

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