BUSINESS
11/14/2013 05:23 pm ET

Berkshire Hathaway Buys $3.45 Billion Stake In Exxon Mobil

Bloomberg via Getty Images

(Reuters) - Warren Buffett's Berkshire Hathaway Inc on Thursday disclosed a new $3.45 billion stake in Exxon Mobil Corp, after buying 40.1 million shares in the world's largest publicly traded oil company.

The purchase was disclosed in a U.S. Securities and Exchange Commission filing that detailed Berkshire equity investments, mostly listed on U.S. exchanges, as of September 30.

Berkshire also disclosed other changes to its holdings, including a reduced stake in another oil company, ConocoPhillips.

U.S. regulators require large investors to disclose their stock holdings every quarter, and the disclosures can offer a window into their strategies for buying and selling stocks.

(Reporting by Luciana Lopez and Jonathan Stempel in New York; Editing by Gary Hill)

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