US Regulators approved on Friday Berkshire Hathaway to purchase up to 50% of the common stock in Occidental Petroleum Corporation (NYSE: OXY). The regulatory filing submitted by FERC on Friday shows that Berkshire Hathaway (BHE) currently owns an 18.72% stake in Occidental as of July 22. It had requested approval to purchase up to 50% of the common stick in secondary market transactions. Occidental also owns OxyChem, and an 894 MW gas fired power project known as the Taft Cogeneration Facility in the Midcontinent Independent System Operator (MISO)…
