Occidental

What’s Happening With Occidental Petroleum Stock During Tuesday’s After-Hours Session

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Occidental Petroleum Corporation (NYSE: OXY) shares are trading modestly lower by 0.95% to $74.12 during Tuesday’s after-hours session after the company reported third-quarter financial results. What Happened? Occidental Petroleum reported third-quarter EPS of $2.44, lower than the analyst consensus estimate of $2.46. Occidental Petroleum also reported inline third-quarter sales results of $9.5 billion. As of September 30, 2022, … Read more

Berkshire Hathaway could boost earnings after Occidental accounting change

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Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Article content Warren Buffett’s Berkshire Hathaway Inc could soon see a boost to its bottom line after changing its accounting for its big stake in Occidental Petroleum Corp. In its quarterly report on Saturday, Berkshire said it adopted the equity method of accounting for … Read more

Don’t buy Occidental stock, analyst says, because Warren Buffett is buying

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Shares of Occidental Petroleum Corp. continued to outperform its peer group and the broader stock market on Thursday, after the oil- and gas-production company disclosed that Warren Buffett’s Berkshire Hathaway Inc. keeps buying. But JPMorgan analyst John Royall said Buffett’s involvement is actually a good reason not to buy Occidental’s stock. The stock OXY, +1.14% … Read more

Buffett’s Berkshire Might Have Bought More Occidental Stock After the Dip

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A recent decline in Occidental Petroleum share price could have prompted Berkshire Hathaway to add to its large stake in the big energy company. Berkshire Hathaway (ticker: BRK.A, BRK.B) holds 188.4 million shares of Occidental Petroleum (OXY), a 20.2% stake. Berkshire has accumulated that interest this year, with its last purchases coming in early August. … Read more

Warren Buffett Hikes Occidental Petroleum Stake After Getting Regulatory OK To Buy 50%

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Warren Buffett bought up more Occidental Petroleum (OXY) shares after his Berkshire Hathaway (BRKB) won regulatory approval to buy up to 50%. OXY stock rose slightly late Friday. X Berkshire Hathaway now owns 26.8% of Occidental Petroleum, according to a regulatory filing Friday night. That came exactly one month after Warren Buffett’s firm disclosed its … Read more

Buffett’s Berkshire Hikes Occidental Stake Weeks After FERC Nod

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Article content (Bloomberg) — Warren Buffett’s Berkshire Hathaway Inc. boosted its stake in Occidental Petroleum Corp. to 26.8% after getting the go-ahead last month from US regulators to buy as much as half of the oil giant. The new level of ownership, reported late Friday in a federal filing, is up from 20.2% as of … Read more

Occidental says ready to break ground on first carbon capture project (NYSE:OXY)

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ssuaphoto/iStock via Getty Images Occidental Petroleum (NYSE:OXY) said on Tuesday it will begin construction on its first carbon capture project this fall, a key part of its effort to build its Low Carbon Ventures business. Tom Janiszewski, Occidental’s (OXY) VP president of regulatory and land, told the Colorado Oil and Gas Association’s annual summit that … Read more

What’s Behind Buffett’s Renewed Interest In Occidental?

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Warren Buffett, through Berkshire Hathaway Inc., (NYSE:BRK.A), (NYSE:BRK.B) has been quietly amassing a significant stake in Occidental Petroleum, (NYSE:OXY). As of early August, he had acquired a 20% stake in the common shares of OXY, arousing speculation about what his true plans were. On Friday the 19th of August the Federal Energy Regulatory Commission-FERC, granted … Read more

Warren Buffett not expected to make bid for control of Occidental – (NYSE:OXY)

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Drew Angerer/Getty Images News Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) is not expected to make a bid for full control of Occidental Petroleum (NYSE:OXY) even after he received regulatory approval to buy 50% of the driller. Buffett hasn’t informed Occidental (OXY) of any plans to purchase a controlling stake in the company, according to a … Read more

Warren Buffett Not Expected to Bid for Control of Occidental Following Stake Boost

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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 billionaire, at least for now. In a regulatory filing Friday, the Federal Energy Regulatory Commission said that Mr. Buffett’s Berkshire Hathaway had … Read more