Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
Tag: crude oil
Buffett’s Berkshire Buys More Occidental Stock. How Much It Owns Now.
Berkshire Hathaway bought almost 6 million shares of Occidental Petroleum in recent days, bringing its stake in the big energy company to 200.2 million shares worth $12.2 billion, according to a filin...
U.S. Shale Boom Shows Signs of Peaking as Big Oil Wells Disappear
HOUSTON—The boom in oil production that over the last decade made the U.S. the world’s largest producer is waning, suggesting the era of shale growth is nearing its peak. Frackers are hitting fewer bi...
An Offshore Oil Rebound Is Under Way. It’s Lifting These Stocks.
Text size Spending on offshore oil drilling is expected to rise in coming years. Carina Johansen/Bloomberg Offshore oil drilling has been growing slowly in recent years as energy companies have hesita...
Warren Buffett’s Berkshire Hathaway boosts its stake in Occidental Petroleum
Warren Buffett’s Berkshire Hathaway increased its stake in Occidental Petroleum Corp. in recent days. Berkshire bought about 5.8 million shares of Occidental in a series of purchases Friday, Monday an...
Warren Buffett’s Berkshire Hathaway Could Get an Occidental Stock Payoff
One of Berkshire Hathaway’s best investments in the past five years was its purchase of $10 billion of Occidental Petroleum preferred stock paying an 8% dividend yield. Occidental Petroleum (ticker: O...
Raytheon CEO Bought Up This Energy Stock
After a strong 2022, Phillips 66 stock recently slipped, and one director scooped up shares of the diversified-energy firm on the open market. Phillips 66 stock (ticker: PSX) surged 44% in 2022—a stro...
15 dividend stocks whose 5% to 10% yields appear safe in 2023 and 2024 by this analysis
Corrected dividend stock screen table, because Hanesbrands had eliminated its dividend on Feb. 2. See note above table. If you are investing in dividend stocks, the last thing you want to see is a com...
Europe bans Russian diesel, other oil products over Ukraine war
FRANKFURT, Germany — Europe imposed a ban Sunday on Russian diesel fuel and other refined oil products, slashing energy dependency on Moscow and seeking to further crimp the Kremlin’s fossil fuel earn...
There’s still too much risk in stock and bond markets. Earn this easy 4.5% return while you wait for stability, says trader who hit 2 big calls in 2022.
Ahead of major tech earnings later, Meta results are lighting up the Nasdaq Composite COMP, +2.97% for Thursday. The S&P 500 SPX, +1.40% is also up as investors take a glass-half full view of the ...
Gas Prices Are Rising. Refiner Stocks Are Riding the Wave—for Now.
Gasoline prices have risen 41 cents a gallon in the past month to an average national price of $3.51. Summer driving could be pricier than many expect, though it’s unlikely to be as bad as last year, ...
Energy Earnings Could Drop 11%
After two years of skyrocketing growth, oil and gas earnings are now past their peak. The good thing for the stocks is that the peak was remarkably high, and the decline is likely to be very gradual. ...
Natural Gas Prices Are Dropping. What Comes Next.
The price of natural gas fell below $3 per million British Thermal Units for the first time since May 2021 on Wednesday, and it kept dropping on Thursday. It’s a stunning decline for a commodity that ...
EOG Resources Director Mike Kerr Buys Up Stock
Energy exploration and production company EOG Resources had a boffo 2022, and one of its directors made his second purchase of shares in three months. EOG stock (ticker: EOG) surged 46% last year, lif...
Exxon, Diamondback, and Coterra Stock Could Continue to Rally
U.S. energy stocks outperformed every other sector in the market in 2021 and 2022. That sets up a key test this year of the industry’s staying power. Not since 2010 has energy outperformed the broader...
BP and Shell vs. Exxon and Chevron: The Mystery of Big Oil’s P/E Gap
Last year, global oil companies boomed. BP and Shell both based in London, saw share prices rise some 40% in 2022 and trade at five times forward earnings. U.S.-based Exxon Mobil soared nearly 80% and...
Shell to Pay $2 Billion in Windfall Taxes. Why the Stock Is Rising.
Shell Europe’s largest oil and gas company, said it will have to pay about $2 billion in additional taxes in the fourth quarter, but still sees strong earnings from natural gas trading for the period....
Berkshire Hathaway Had a Strong 2022. What to Watch in 2023.
Berkshire Hathaway is coming off a strong year, one in which operating earnings climbed, investment activity picked up sharply, and the stock handily outperformed the S&P 500 The outlook for 2023 ...
Occidental Petroleum’s stock rises after Buffett boosts stake, CrowdStrike after earnings beat
These were some of the biggest movers and shakers in premarket trading Wednesday: Stock gainers: Occidental Petroleum Corp.’s stock OXY, -1.35% rose almost 3% premarket after filings disclosed that Wa...