BERKSHIRE'S OCCIDENTAL BET YIELDS SUBPAR 7.3% IRR, LAGGING OTHER INVESTMENTS

Berkshire Hathaway's significant investment in Occidental Petroleum has generated a 7.3% internal rate of return over seven years, a figure described by investors as "disappointing." The return on the combined $10bn preferred stock and $14.4bn common stock investment has underperformed other major Berkshire holdings. Occidental still owes Berkshire $8.5bn for the high-yield preferred shares issued to finance the 2019 Anadarko deal.