Text size Warren Buffett Paul Morigi/Getty Images for Fortune/Time Inc. Berkshire Hathaway has accumulated an 11.4% stake worth $4.2 billion in HP Inc. , the maker of personal computers and printers, ...
Tag: Crude Petroleum Extraction
Signs Start to Emerge That High Energy Prices Are Sapping Demand
Text size Vehicles heading east out of Los Angeles. Vehicle miles traveled in California are starting to flatten out as gasoline prices remain high. Frederic J. Brown/AFP via Getty Images Oil prices h...
Opinion: What would it take for U.S. oil companies to ramp up production? A lot.
Even with oil prices above $100 a barrel and gas prices averaging over $4 a gallon at the pump, frackers show little interest in ramping up output. Companies including Devon Energy DVN, +1.56%, EOG Re...
Texas Survey Shows Why Oil Producers Aren’t Drilling More
Text size The Federal Reserve Bank of Dallas surveyed 141 oil and gas firms in the 11th Fed District, which includes Texas and parts of New Mexico and Louisiana. Spencer Platt/Getty Images Oil and gas...
Opinion: Ukraine war is a wake-up call to ditch oil and gas forever
That invasion, and the subsequent U.S. ban on oil imports from Russia, are partly responsible, but they aren’t the only reason. According to the U.S. Energy Information Administration, the impact of t...
Unless OPEC increases output, oil market will fall into deficit after Russian invasion, IEA says
Russia’s invasion of Ukraine and sanctions on its oil exports threaten a supply shock that will weigh on the global economy and push the oil market into a deficit unless major producers increase outpu...
Saudi Arabia Considers Accepting Yuan Instead of Dollars for Chinese Oil Sales
Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people familiar with the matter said, a move that would dent the U.S. dollar’s dominance of the global pet...
Frackers Say Bottlenecks Impede Output Boost as Oil Prices Soar
American shale drillers say there are limits to how much and how quickly they can boost shaky oil supplies following Russia’s invasion of Ukraine, cautioning that supply-chain issues, investors wary o...
Occidental Petroleum Stock Spikes. 3 Reasons for the Jump.
Text size Shares of Occidental Petroleum are up nearly 90% over the past 12 months. Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons for the mov...
Occidental Petroleum Stock Spikes. Here Are the Reasons Why.
Text size Spencer Platt/Getty Images Occidental Petroleum stock was rising sharply Monday. There are three reasons why. First, oil prices were surging Monday on supply fears as the U.S. and its allies...
Warren Buffett’s Berkshire Hathaway Has $5 Billion Stake in Occidental Petroleum
Text size Warren Buffett, CEO of Berkshire Hathaway. Johannes Eisele/AFP/Getty Images Berkshire Hathaway owns a 9.8% stake in Occidental Petroleum worth $5.1 billion after furious buying activity in s...
‘We need to increase oil & gas output immediately,’ Elon Musk says as Ukraine crisis jolts U.S. crude to 2008 high
Elon Musk voiced an unusual stance for an electric-vehicle executive on Friday. Tesla Inc.’s TSLA, -0.12% chief executive said the U.S. needs to immediately increase production of oil and gas in a twe...
Carl Icahn Slashes Stake in Occidental Petroleum
Text size These disclosures are from 13Ds filed with the Securities and Exchange Commission. 13Ds are filed within 10 days of an entity’s attaining more than 5% in any class of a company’s securities....
Look to the Energy Patch for a Dividend Bonanza. Devon Energy and Pioneer Natural Resources Look Good.
What was already going to be a challenging year for investors was further disrupted by Russia’s invasion of Ukraine. But in a market that has been lacking in certainty, income investors may want to ta...
Oil Is Surging. Why Oil Stocks Are Down.
Text size Oil prices are higher, but concerns about economic growth are weighing on oil stocks. Mario Tama/Getty Images Oil prices soared on Thursday after Russia invaded Ukraine. But oil stocks were ...
How Oil Could Hit $150. It’s Not Just About Russia.
Text size West Texas intermediate crude oil was trading near $94 a barrel on Monday. Spencer Platt/Getty Images By one measure, oil prices could rise to $150 a barrel this year, which would be the hig...
3 Energy Companies That Should Buy Back Stock: Analyst
Text size High oil prices have left producers awash in cash. Spencer Platt/Getty Images Oil-and-gas companies are pumping out billions of dollars in cash because of high commodity prices. Many of them...