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XOM – Warren Buffett Looks to Big Oil With Exxon Stake

One move among many for the latest quarter


Warren_BuffettBerkshire Hathaway’s (BRK.A, BRK.Blatest 13-F filing is out.

According to the filing, Warren Buffett’s conglomerate picked up 40,089,371 shares of Exxon Mobil (XOM) in the third quarter.

Exxon has 4.37 billion shares outstanding, so the Berkshire stake amounts to about 1% of the oil giant.

Shares of Exxon Mobil closed higher on Thursday, and were up further in after-hours trading.

At Thursday’s closing price of $93.22, a 40,089,371-share stake in Exxon would be worth $3,737,131,164.62.

The stock fell 10.5% between late July and early October before rebounding 9.5% to today’s levels.

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