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Berkshire buys $3.45 bn fresh Exxon Mobil stake

Nov 16 2013, 03:22 IST
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SummaryWaBuffett’s Berkshire Hathaway Inc on disclosed a new $3.45 billion stake in Exxon Mobil Corp.

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

Although the investment represents just 0.9 per cent of Houston-based Exxon’s shares, analysts said it reflects strong support by the second-richest American of one of the largest and most profitable companies.

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