WARREN BUFFETT Quote : Rule No.1: Never lose money. Rule No.2: Never forget rule No.1.
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Saturday, November 16, 2013

Warren Buffett's Berkshire Buys Stake In Exxon Mobil

Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.A)(BRK.B), just reported his third quarter portfolio update on Thursday afternoon. He, or one of his recently hired fund managers Todd Combs or Ted Weschler, reported holding a single new stock in the third quarter: Exxon Mobil Corporation. The size of the holding suggests that it was a Buffett purchase.

There are collectively 43 stocks in Berkshire Hathaway’s portfolio, which is valued at $92.04 billion. Exxon joins a group of other oil and gas stocks in Buffett’s portfolio: National Oilwell Varco Inc. (NOV), Phillips 66 (PSX), Suncor Energy Inc. (SU) and ConocoPhillips (COP). In total, energy stocks comprise 7.9% of its total.

Exxon Mobil Corporation (XOM)

Berkshire reported owning Exxon Mobil in the third quarter in an amended filing, but actually first bought the stock in the second quarter, without filing, and hid the fact until now. In the second quarter he bought

Warren Buffett
31,244,110 shares. In the third, it added 8,845,261. The average share prices for the two quarters were both $90.