Text size Berkshire Hathaway CEO Warren Buffett Saul Loeb/AFP via Getty Images Berkshire Hathaway continued to add to its large stake in Occidental Petroleum in recent days and now holds a $7.2 billio...
Tag: natural gas
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...
CPS Energy’s Garza Is Tailor-Made For Challenges Of San Antonio
Engineer with political skill: Rudy Garza, interim president and CEO of San Antonio-based CPS … [+] Energy. CPS Energy Rudy Garza, the interim president and CEO of Greater San Antonio’s CPS Ener...
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...
Oasis Petroleum and Whiting Are Close to Merging: Report
Text size David McNew/Getty Images Oasis Petroleum and Whiting Petroleum could announce an all-stock merger early this week, The Wall Street Journal reported. A combination of the rival North Dakota s...
Oasis, Whiting Near All-Stock Merger
Oasis Petroleum Inc. and Whiting Petroleum Corp. are close to a deal to merge, according to people familiar with the matter. The all-stock tie-up between the rival North Dakota shale drillers could be...
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....
Energy Abundance Is Possible And Europe Shows Us Why It Is Necessary
Fuel prices at an Exxon Mobil gas station in Boston, Massachusetts, U.S., on Tuesday, March 1, 2022. … [+] Democratic efforts to define the party’s energy policies are facing mounting pres...
Exxon To Mount A Major Hydrogen, CCS Project At Its Baytown Complex
BAYTOWN, TX – The ExxonMobil Baytown Refinery Complex. (Photo by Scott Olson/Getty Images) Getty Images As part of its expanding Low Carbon Solutions business unit, ExxonMobil announced plans on...
The Ukraine Crisis Is A Wake-Up Call For Energy Security
23 February 2022, Netherlands, Rotterdam: The LNG tanker BW Pavilion Aranda is moored at the pier in … [+] the port of Rotterdam. Photo: Federico Gambarini/dpa (Photo by Federico Gambarini/pictu...
Fertilizer Shortage To Boost Plant Food Stocks
Ukrainian Military Forces servicemen of the 92nd mechanized brigade use tanks, self-propelled guns … [+] and other armored vehicles to conduct live-fire exercises near the town of Chuguev, in Kh...
The World Needs American Energy
Ari Aziz, director of operations for Cheniere Energy Inc., stands for a photograph at the company’s … [+] liquefied natural gas (LNG) export terminal under construction in Corpus Christi, ...
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...
Ukraine Crisis Dilemma — A Total Blockade Of Russia’s Banks Would Hurt Europe
A column of Russian armoured vehicles drives in the direction of Gori on the Gori-Tbilisi road on … [+] August 19, 2008. Georgia’s Interior Ministry dismissed a pullback of Russian militar...
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 ...
Soaring Gas Prices Could Have Been Mitigated If Energy Sector Plugged Huge Methane Leaks, IEA Says
Topline Methane leaks from the energy sector are much higher than what national governments claim, the International Energy Agency said Wednesday, adding the industry could slash emissions of the high...
Energy Dominates The Geopolitical Equation In Russia/Ukraine Dispute
BERLIN, GERMANY – FEBRUARY 07: German Social Democratic party SPD candidate for chancellor Olaf … [+] Scholz looks on during a two-day party meeting on February 07, 2021 in Berlin, Germany...
Oil Prices Tumble Below $100 and Keep Falling. Here’s Why.
Text size U.S. oil prices fell more than 6% early Tuesday, to below $97 a barrel. Spencer Platt/Getty Images Oil prices extended their slump on Tuesday as West Texas Intermediate crude futures fell be...