Acquisition, valued at approximately $12.0 billion, generates immediate free cash flow accretion CrownRock’s well-positioned assets expand Occidental’s scale in the Midland Basin CrownRock’s development-ready inventory high-grades Occidental’s premier Permian Basin portfolio and increases low-breakeven inventory […]
ENB Pub Note: Michael and Stu are filming an episode of the ENB Deal Spotlight on this deal and pushing out on the ENB channels. Stay tuned for an evaluation of a public oil company […]
World Oil (Bloomberg) – Occidental Petroleum Corp.’s private jet touched down in Omaha this week, home to its biggest investor Warren Buffett, as Chief Executive Officer Vicki Hollub considers a shale oil deal worth at […]
The U.S. Department of Energy is investing $1.2 billion in giant vacuums that suck carbon out of the air–an effort to slow global warming. The initial funding will create two carbon removal hubs in Louisiana […]
Dow Jones futures were higher ahead of Tuesday’s open after the Dow Jones Industrial Average cut gains to 72 points Monday. Warren Buffett stock Occidental Petroleum (OXY) reported earnings after the close Monday, while Tesla […]
Occidental Petroleum Corp. may redeem Berkshire Hathaway Inc.’s preferred stock this year as the oil giant prioritizes share buybacks over production growth, said Chief Executive Officer Vicki Hollub.“There won’t be significant growth from us because […]
HOUSTON, Oct. 03 /BusinessWire/ — Western Midstream Partners, LP (NYSE:WES) (“WES” or the “Partnership”) today announced that it executed a letter of intent (“LOI”) with a subsidiary of Occidental Petroleum Corporation (NYSE:OXY) (“Oxy”), with the […]
A recent SEC filing has revealed that Warren Buffett’s Berkshire Hathaway acquired just under seven million more Occidental Petroleum shares for a price of over $390 million. According to the filing, on August 4, 2,231,566 […]
Occidental Petroleum reported a net profit of $3.6 billion for the second quarter of the year, down from $4.7 billion for the first quarter, boasting the highest quarterly free cash flow. The adjusted income attributable […]
Money managers have started to close out short positions on oil. The oil price slump that started mid-June could be about to reverse. The disconnect between the physical crude market and paper crude market remains […]
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