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)

China Demand to Help Burlington, Berkshire says Jindel

Nov. 6 (Bloomberg) -- Satish Jindel, president of SJ Consulting Group, talks with Bloomberg's Matt Miller and Carol Massar about Berkshire Hathaway Inc.'s planned takeover of Burlington Northern Santa Fe Corp. Jindel says that Burlington will benefit from Chinese demand for soybeans and cotton. (Source: Bloomberg)

Tags

Jindel, Says, China, Demand, to, Help, Burlington, Berkshire, Video, Audio/Video, Bloomberg, Company News, Conglomerates, Corporate Actions, Country Economies, Economic News, English Multimedia, Mergers & Acquisitions, News, Railroads, Television, Transportation, U.S. Economy, Business