Biden targets crypto, real estate and oil industries, as he unveils his budget

President Joe Biden on Thursday called for ending tax subsidies for cryptocurrency investors, the real estate industry and the oil and gas sector, as he formally rolled out his proposed budget for the...

Warren Buffett’s Berkshire Hathaway 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...

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...

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...

Berkshire Buys More Occidental | Barron’s

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...

The 20 worst U.S. stocks in February: the biggest loser dropped 35%

Updated with month-end prices. The euphoria of January reversed in February, with broad declines for stocks across the board as interest rates continued to rise. Bond interest rates are more attractiv...

Warren Buffett’s Berkshire Hathaway is the largest investor in these 8 stocks 

As 2022 wrapped, Warren Buffett’s Berkshire Hathaway was the largest shareholder of eight stocks that include traditional oil companies and financial-services giants. “Berkshire now enjoys major owner...

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...

Inside Venezuela’s Contradictory Oil Industry

A man carries buckets while working to clean up an oil spill near a pipeline of state-owned … [+] Petroleos de Venezuela (PDVSA) in Voladero, Monagas state, Venezuela, on November 5, 2021. ̵...

Three Oil Stocks Exposed to Natural-Gas Plunge

Natural-gas prices have tumbled this year because of warm weather and high levels of gas in storage in Europe and elsewhere. U.S. prices are down 45% to $2.46 per million British thermal units. The dr...

Big Oil’s Big Paradox: Record Profits, Low Stock Valuations

Big Oil has never been more profitable, but it has hardly ever been a smaller part of the stock market. That’s enough to make industry executives feel unappreciated. “We’re grossly undervalued,” says ...

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 ...

Meta, Merck, Apple, Alphabet, Amazon, and More Stock Market Movers

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Shell Posts Annual Profit Record of $40 Billion and Launches $4 Billion Buyback

Shell the oil and gas giant, posted a record annual profit of $40 billion and announced a new $4 billion share buyback program Thursday, sending the stock higher. British energy giant Shell (ticker: S...

BP May Cut Renewable Energy Spending. Its Stock Could Catch Exxon, Chevron.

BP stock was heading higher Wednesday morning after the Wall Street Journal reported that the European oil giant was planning to narrow its investments in renewable energy. The former British Petroleu...

BP Cuts Long-Term Oil and Gas Demand Outlook. It’s Good News for Renewables.

BP lowered its long-term oil and gas demand outlook as it said Russia’s war in Ukraine will accelerate the global shift toward renewable energy in a report Monday. In its 2023 energy outlook, the Brit...

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. ...

Halliburton, Schlumberger, and Other Energy Stocks Poised to Keep Growing Earnings

Several energy companies are expected to post record earnings in 2022. Exxon Mobil alone is on track to make about $60 billion. But 2023 is a different story. While the setup is still very strong for ...

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...

Bed Bath & Beyond, Virgin Galactic, Ford, and More Stock Market Movers Friday

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Chips Are the New Oil and America Is Spending Billions to Safeguard Its Supply

Only in the past two years has the U.S. fully grasped that semiconductors are now as central to modern economies as oil. In the digitizing world, power tools commonly come with Bluetooth chips that tr...

ConocoPhillips in Talks to Sell Venezuelan Oil in U.S. to Recover Billions It Is Owed

ConocoPhillips, which abandoned Venezuela after its assets were nationalized in 2007, is now open to a deal to sell the country’s oil in the U.S. as a way to recover the close to $10 billion it is owe...

Small (Oil) Is Not Necessarily Beautiful

AT SEA – FEBRUARY 24: A general view of the BP ETAP (Eastern Trough Area Project) oil platform in … [+] the North Sea on February 24, 2014, around 100 miles east of Aberdeen, Scotland. (Ph...

How Has The Oil Industry Fared Under President Biden?

US President Joe Biden speaks before signing Bill S.3580, the Ocean Shipping Reform Act of 2022, in … [+] the State Dining Room of the White House in Washington, DC, June 16, 2022. (Photo by Nic...

Good For The Environment, Consumers, And Auto Companies, Bad For Oil Companies

Michael Regan, administrator of the Environmental Protection Agency (EPA), speaks during an event at … [+] the EPA headquarters in Washington, D.C., U.S., on Monday, Dec. 20, 2021. Regan announc...