Buffett’s firm buys more Apple shares while betting on oil

OMAHA: Warren Buffett’s company bet more on high-tech darling Apple during the second quarter, while also investing billions in old-school oil producers Occidental Petroleum and Chevron.

Berkshire Hathaway detailed all its second-quarter investments Monday in a new filing with the Securities and Exchange Commission. Wall Street follows Berkshire’s investments closely because of Buffett’s remarkably successful track record over the decades.

Berkshire had already disclosed its biggest move in the quarter – investing $1.4 billion in oil producer Occidental Petroleum – because that investment’s size required more immediate updates. Berkshire now owns more than $11 billion worth of Occidental stock, and it controls more than 20% of the company after making several more purchases since the quarter ended on June 30.