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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: nola622   😊 😞
Number: of 21944 
Subject: Re: 34 percent of oxy.
Date: 01/10/24 6:07 PM
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I realize that you are just quoting that 34% from the recent 13G/a, but it isn't exactly correct. OXY has a weird way of disclosing average share count because they have outstanding warrants and depending on the share price some are considered anti-dilutive or counted on sometime of hybrid/cashless exercise method where they would be less dillutive.

So today Berkshire owns (that we know of) 243,715,804 common shares of OXY vs. their last disclosed share count of 880,370,837. That would be 27.68% of OXY common shares currently. (not 34%)

But Berkshire also owns warrants to purchase another 83.86 million OXY shares $59.62/share. It hasn't exercised these and probably won't until right before they expire many years into the future.

OXY also has 101.4 million $22-strike warrants outstanding that have not yet been exercised.

If Berkshire and the rest of the warrant holders all executed their warrants in full there would be approximately 1,065,629,686 OXY shares outstanding and Berkshire would then own 30.74% of OXY. (not 34%)
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This community has written 21,448 posts about Berkshire Hathaway. The article-length ones it recommended most:
BRK: Why Not XOM? · 62 recs · 2024
Second quarter comments · 60 recs · 2023
Berkshire's Profit Contributors · 57 recs · 2023
Summary of 2Q 2026 · 54 recs · 2026
3Q Summary · 53 recs · 2024
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