Warren Buffett not expected to vie for control of Occidental Petroleum

Warren Buffett’s bid to boost his big stake in Occidental Petroleum Corp. even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionaire, at least for now.

In a regulatory filing Friday, the Federal Energy Regulatory Commission said that Buffett’s Berkshire Hathaway Inc.
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-2.30%
 
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-2.24%
had received permission to buy up to 50% of the driller’s shares. The news stoked speculation that Berkshire could be gearing up to acquire Occidental
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