{"id":330161,"date":"2010-02-17T02:07:00","date_gmt":"2010-02-17T07:07:00","guid":{"rendered":"tag:blogger.com,1999:blog-3087194156628161158.post-2649691198060326694"},"modified":"2010-02-17T02:34:10","modified_gmt":"2010-02-17T07:34:10","slug":"cnbc-warren-buffetts-berkshire-slashes-oil-pg-jj-stakes","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/330161","title":{"rendered":"CNBC: Warren Buffett’s Berkshire Slashes Oil, P&G, J&J Stakes"},"content":{"rendered":"

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Published: Tuesday, 16 Feb 2010 | 4:54 PM ET <\/span><\/div>\n
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By: Alex Crippen
Executive Producer<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Warren Buffett’s Berkshire Hathaway dramatically cut its stakes last fall in two of the nation’s biggest oil companies. <\/p>\n

<\/span>It also significantly reduced its holdings of Procter & Gamble and Johnson & Johnson.<\/p>\n

<\/span>The sales were probably designed to help pay for Berkshire’s enormous $26 billion acquisition<\/strong><\/a><\/strong><\/b> of Burlington Northern Santa Fe. That deal closed last Friday<\/strong><\/strong><\/b>.<\/a><\/p>\n

<\/span>In its fourth quarter portfolio snapshot just filed with the SEC<\/strong><\/a>, Berkshire reports holding 37.7 million shares of ConocoPhillips