#occidental-petroleum

[ follow ]
#berkshire-hathaway #oxychem #warren-buffett #acquisition #energy-sector #debt-reduction #earnings-performance
Business
from24/7 Wall St.
1 week ago

We Asked a Year Ago If You Should Buy Buffett's Favorite Oil Stock. Here's What Happened.

Occidental Petroleum delivered 18% returns over 12 months despite crude price declines, driven by operational discipline, consistent earnings beats, and debt reduction from the OxyChem sale to Berkshire Hathaway.
Business
from24/7 Wall St.
3 weeks ago

Occidental Jumps as $5.8 Billion Debt Cut and Dividend Hike Impress Investors

Occidental exceeded Q4 EPS expectations driven by strong production despite weaker crude and gas prices, while reducing debt and raising its quarterly dividend.
#warren-buffett
more#warren-buffett
#berkshire-hathaway
fromFortune
5 months ago
Business

Warren Buffett's Berkshire Hathaway may have scored a 'genius' win-win in $10 billion acquisition that may be the last big deal of his career | Fortune

fromFortune
5 months ago
Business

Warren Buffett's Berkshire Hathaway may have scored a 'genius' win-win in $10 billion acquisition that may be the last big deal of his career | Fortune

more#berkshire-hathaway
from24/7 Wall St.
5 months ago

OPEC+ Supply Surge: 3 Oil Stocks to Sell Before the Crash

OPEC+, the coalition of major oil producers plus Saudi Arabia and Russia , plans to increase crude output by 500,000 barrels per day (bpd) starting in November. This daily hike will continue for three months, injecting about 45 million additional barrels into the global market amid already weak demand caused by economic slowdowns in the U.S. and Asia. The move, aimed at balancing supply, risks creating an oversupply that could drive down prices.
Business
Business
fromFortune
5 months ago

Warren Buffett's last big deal? Berkshire Hathaway to buy Occidental Petroleum's chemical division for $9.7 billion | Fortune

Berkshire Hathaway is acquiring Occidental Petroleum’s chemical division, OxyChem, for $9.7 billion as Buffett transitions CEO responsibilities to Greg Abel while remaining chairman.
Startup companies
fromTechCrunch
10 months ago

Carbon removal startup Holocene bought by oil and gas giant Occidental | TechCrunch

Occidental continues to invest in carbon capture technology, acquiring Holocene to further enhance its research and development efforts.
[ Load more ]