Occidental Petroleum (OXY) shares are down about 2.7% on Monday, but are off the session lows. Today’s action follows the stock’s explosive finish to last week, as shares rallied 9.9% on Friday. The...
Tag: Energy
Berkshire Hathaway Could Owe Billions on Stock Gains Under the New Tax Law
Warren Buffett, CEO of Berkshire Hathaway, likes holding favorite stocks forever. Johannes Eisele/AFP via Getty Images Text size Berkshire Hathaway CEO Warren Buffett has long said that his favorite i...
Inside Baker Hughes’ Vision For The Energy Transition
Emily Pickrell, UH Energy Scholar Baker Hughes Company logo and models of an oil rig, pump jack and oil barrels are pictured in this … [+] illustration photo taken in Kyiv on 19 August, 2021. (P...
Twelve makes jet fuel from CO2; signs deal with Microsoft, Alaska Air
Sustainable aviation fuel, commonly called SAF, has so far been expensive to produce, but new startups are now creating clean fuels out of carbon at a much cheaper cost. Now, new tax credits for clean...
4 takeaways from the Investing Club’s ‘Morning Meeting’ on Monday
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments: Stocks slide to start tradi...
Australian bank to scrap loans for new diesel and gasoline cars
Cars and buses in Sydney, Australia, on Monday, May 25, 2020. Authorities in the country are looking to set up a National Electric Vehicle Strategy. Brendon Thorne | Bloomberg | Getty Images An Austra...
Euro Falls Below Dollar As Europe Gears Up For Energy Crisis
Topline The Euro fell below parity with the U.S. dollar on Monday for the second time this year as the Eurozone continues to face rising inflation while it prepares for a potential energy crisis this ...
Manchin’s Permitting Side Deal Highlights The Energy Transition’s Central Conundrum
WASHINGTON, DC – AUGUST 16: Sen. Joe Manchin (D-WV) looks to Senate Majority Leader Chuck Schumer … [+] (D-NY) after U.S. President Joe Biden signs The Inflation Reduction Act in the State...
Warren Buffett’s Likely Successor Owns Little Stock in Berkshire Hathaway
Text size Greg Abel, center, during a shareholders shopping day ahead of the Berkshire Hathaway annual meeting in April. Dan Brouillette/Bloomberg Ownership of Berkshire Hathaway stock is a big part o...
Citi projects UK inflation to breach 18% in January as energy prices skyrocket
Citigroup said it had identified the cause of the flash crash and corrected the error “within minutes.” Jim Dyson | Getty Images News | Getty Images LONDON — U.K. inflation is on course to...
4 Energy Stocks That Climbed as Gasoline Prices Fell
Text size Kinder Morgan storage tanks in Wilmington, Calif. The comany’s stock can offer stability. Bing Guan/Bloomberg The price of gasoline has been falling steadily for over two months, and w...
Warren Buffett’s Berkshire Hathaway Cleared to Buy as Much as Half of Occidental’s Shares
Warren Buffett’s Berkshire Hathaway has the green light from regulators to purchase as much as 50% of Occidental Petroleum Corp.’s shares, after seeking approval for such a transaction in July. In a r...
The Oil Surplus Could Persist. Expect Prices to Fall
Text size This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Expect Oil Prices to Fall THINK Economic and Finan...
Renewable Energy IPO Montauk Breaks Out On 114% Growth
President Joe Biden has just signed into law the Inflation Reduction Act, sweeping legislation that includes bold renewable energy and climate change initiatives. That bodes well for Montauk Renewable...
Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost
Warren Buffett’s bid to boost his big stake in Occidental Petroleum even further isn’t expected to serve as a prelude to a full takeover of the resurgent energy company by the widely watched billionai...
S&P 500 earnings are rising only because of strength in this one sector
S&P 500 index company earnings for the second quarter were certainly better than expected, but it’s debatable whether overall results were actually good, given that year-over-year growth was due o...
Germany Risks a Factory Exodus as Energy Prices Bite Hard
(Bloomberg) — Europe’s industrial heartland faces a potential exodus as manufacturers of German car parts, chemicals and steel struggle to absorb power prices that rocket to new highs almost eve...
Energy Stock In Buy Zone Even As Group Loses Its High Ranking
EQT (EQT), a leading energy stock, broke out of a deep cup-with-handle base and remains in buy range from its 46.81 buy point. The company reported fairly positive Q2 earnings results in late July. X ...
Oil Prices Have Been Falling. Why It’s Time to Buy Oil Stocks.
Text size Energy stock profits rose nearly 300% during the second quarter, nearly 10 times faster than the next sector, industrials. Oliver Bunic/Bloomberg It has been a boom-and-bust year for oil sto...
US lawmakers request information on energy consumption from mining firms
Four US lawmakers from the Energy and Commerce Committee have written to four leading crypto mining companies requesting information on their energy consumption. The lawmakers want to determine the ef...
OXY Stock: Is Warren Buffett’s Energy Play A Buy Or A Sell?
Warren Buffett has been on an Occidental Petroleum (OXY) buying spree, with the billionaire’s Berkshire Hathaway (BRKA) adding nearly 20 million additional shares to its portfolio since July. On...
8 Stocks That Look Like Good Buys as Natural-Gas Prices Get Pumped Up
Elias Stein Text size Two commodities that power the world are taking divergent paths, and it could have a big impact on consumers in the coming months. Crude oil is down some 25% from its highs, but ...
Berkshire Hathaway Can Acquire Up to 50% of Occidental Petroleum, Filing Says
Text size Berkshire Hathaway currently has a 20% stake in Occidental. Callaghan O’Hare/Bloomberg Occidental Petroleum stock jumped Friday after Berkshire Hathaway got approval from the Federal E...
David Tepper Buys Constellation Energy, Adds To Kohl’s Position
Summary The investor entered a stake in ConstellationDAG Energy. He added to his Kohl’s position. Tepper trimmed his holdings of Micron, Occidental and PG&E. Appaloosa Management leader Davi...
US lawmakers appeal directly to 4 mining firms, requesting info on energy consumption
Four members of the United States House of Representatives from the Energy and Commerce Committee have demanded answers from four major crypto mining firms in regard to the potential effects of their ...
South Korean professor invents toilet that turns waste into energy and pays out crypto
The creation of so-called ‘meme coins’ and, for lack of a better expression in the blockchain industry, ‘shitcoins‘, which refer to worthless coins or tokens that have little to no utility outside spe...
Energy bills are squeezing businesses and people as UK costs soar
A high street decorated with British Union Jack bunting in Penistone, UK. The End Fuel Poverty Coalition has warned “a tsunami of fuel poverty will hit the country this winter.” Bloomberg ...
Coterra Energy Call Aims For 6.7% Return
Crude oil is trading at a six-month low, down 28% from highs above $120 per barrel in March to $88 today for a barrel of the West Texas Intermediate variety. Despite the big drop, oil is still up 42% ...
Halliburton, Northrop Grumman, Humana, Winnebago Industries, Xcel Energy
Halliburton announced today that its board of directors has declared a 2022 third quarter dividend of twelve cents a share on the Company’s common stock payable on September 28, 2022, to shareho...
The New World Energy Order: A Battle Of Attrition
The First Siege of Rome during the Gothic War, 537-538 AD. Seen here Belisarius using the statues … [+] from Hadrian’s Tomb – now the Castle of St. Angelo – as missiles against...