In the past month, brk b stock price tracked closely to the S&P 500’s performance, suggesting a correlation stability that appeals to broad-market ETF rebalancing. Occidental said it will apply $6.5 billion of the proceeds directly toward debt reduction, taking principal debt below the $15 billion target set after last year’s $12 billion CrownRock acquisition. That’s a big milestone for a company still carrying $23.3 billion in debt as of June. “I don't think anybody sitting at this table has any idea of how to use it effectively, and therefore we don't use it,” he stated, emphasizing that “we only swing at pitches we like.” Following the latest quarterly report, brk b stock price gained traction to $409.85 on improved net operating earnings. Fundamental investors highlight cash reserves topping $150 billion as strategic leverage in uncertain markets.