Berkshire Adds Exxon Holding in Biggest Stock Bet Since IBM
This article is for subscribers only.
Berkshire Hathaway Inc. reported a stake in Exxon Mobil Corp. as Warren Buffett’s company disclosed its largest new holding since International Business Machines Corp. in 2011.
Buffett’s company owned 40.1 million shares of Exxon on Sept. 30, Omaha, Nebraska-based Berkshire said yesterday in a regulatory filing. The world’s biggest oil company by market value rose 2.2 percent to $95.27 at 4:15 p.m. in New York today, the highest close in at least 33 years. At that price, the holding would be worth about $3.8 billion.