> Warren Buffett Blog: Warren Buffett investing in Oil via Weatherford international

Monday, December 1, 2014

Warren Buffett investing in Oil via Weatherford international


Berkshire Hathaway company Lubrizol Corporation announced the purchase of Weatherford International in a deal worth around $750 million. The deal represents a play on North American oil drilling at a sensitive time when the opening of new North American oil wells is in question with the sagging price of oil worldwide.

The acquisition is represents a heavy investment in the North American oil drilling industry by Warren Buffett’s Berkshire Hathaway as the recent rapid drop in oil prices is raising questions on new drilling in the region.