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 […]
Major oil companies have taken different approaches to the 21st-century vision of searching for Carbon Net-Zero. Exxon, Chevron, Shell, BP, and TotalEnergies have all expressed that they are now “energy” companies and using their profits […]
Any relationship, whether personal or professional, is only as strong and stable as the communication between its parties. If you ask Vicki Hollub, president and CEO of Occidental Petroleum, that is especially true for the […]
Berkshire Hathaway Inc. snapped up about 5.9 million more shares of Occidental Petroleum Corp., as the conglomerate run by billionaire Warren Buffett piles deeper into its bet on the oil giant. The shares were bought […]
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