Berkshire Hathaway boosts Occidental Petroleum stake above 20%

By Jonathan Stempel August 8 - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc bought more shares of Occidental Petroleum Corp (NYSE:OXY), surpassing the 20% stake where it could record some...

Berkshire Hathaway boosts Occidental Petroleum stake above 20%

Warren Buffett's Berkshire Hathaway Inc bought more shares of Occidental Petroleum Corp, surpassing the 20% stake where it could record some of the oil company's earnings with its own and...

US Shale Defy Calls To Boost Output As They Funnel Profits To Shareholders

US Shale Defy Calls To Boost Output As They Funnel Profits To Shareholders US shale is still acting with restraint in terms of production growth despite President Biden's calls to...

Dow Jones Futures: Market Rally Resilient; Apple, Tesla, These 5 Chip Stocks Could Use This

Berkshire Hathaway (BRKB) operating earnings rose 39% vs. a year earlier to $9.28 billion. Warren Buffett's conglomerate suffered a net loss of $43.8 billion. That reflects a $53 billion loss in...

Buffett's firm reports $44B loss as portfolio value falls

OMAHA, Neb. (AP) — Warren Buffett's company reported a $43.76 billion loss in the second quarter as the paper value of its investments plummeted and he bought significantly fewer stocks, but...

Berkshire Hathaway reports operating earnings surge, but posts big investment loss amid market rout

Berkshire Hathaway posted $9.283 billion in second quarter of 2022. That's a 38.8% increase from the same period last year. The company's profits came from investments in railroads, insurance, and...

There's a new favorite stock among retail traders

Warren Buffett's conviction bet on Occidental Petroleum has inspired a legion of retail investors to follow suit. The stock has witnessed a massive 16.5-time increase in average daily net flows...

Explosion In Retail Buying Revealed As Source Of Latest Market Meltup, Tesla Stock Surge

Explosion In Retail Buying Revealed As Source Of Latest Market Meltup, Tesla Stock Surge A little less than a month ago we reported that in addition to institutional investors, many...

There's a new favorite stock among retail traders

Warren Buffett's conviction bet on Occidental Petroleum has inspired a legion of retail investors to follow suit. The stock has witnessed a massive 16.5-time increase in average daily net flows...

Occidental Petroleum Tops Profit Estimates, Pays Down Debt

Occidental Petroleum topped profit estimates, paid down nearly $5 billion in debt. Buffett’s Berkshire Hathaway (BRK/A, BRK/B) is the largest shareholder. This copy is for your personal,...

Occidental Petroleum posts higher quarterly profit

- Occidental Petroleum Corp (NYSE:OXY) posted a sequential rise in second-quarter profit, as the U.S. shale producer benefited from higher crude prices. The company's net earnings attributable to...

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move

Global Markets Slump With Terrified Traders Tracking Pelosi's Next Move Forget inflation, stagflation, recession, depression, earnings, Biden locked up in the basement with covid, and...

Occidental Petroleum August weekly option implied volatility bid into quarter results

InvestingPro

Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings

Key Events This Busy Week: Jobs, ISM, And Even More Central Banks And Earnings After a frenzied week which saw not just the US slide into technical recession just hours after the Fed...

Earnings Previews: Airbnb, AMD, Coterra Energy, Occidental Petroleum

After markets close Tuesday afternoon, these four companies will be reporting quarterly earnings.

Futures, Oil Fall As Searing Rally Wobbles

Futures, Oil Fall As Searing Rally Wobbles While European and Asian stocks have extended the blistering July rally to start August, US futures remain have traded in the red in the...

Warren Buffett Favorite Leads 5 Stocks To Watch Near Buy Points

Occidental Petroleum leads your stocks to watch for the upcoming week. Egg producer Cal-Maine Foods (CALM), BJ's Wholesale Club (BJ) and Hershey (HSY) are riding higher prices for food. Ulta...

OXY Stock, A Warren Buffett Favorite, Set To Report Earnings Along With These Fast-Growing Firms

OXY stock has held up better than a lot of other energy stocks as it battles for support at the 50-day moving average. Warren Buffett disclosed he bought another 12 million shares of OXY stock,...

Warren Buffett Stocks: GOOGL Stock Among 24 Names On This Screen

Alphabet and Monolithic Power Systems maintain their spots on this screen of Warren Buffett stocks. Williams-Sonoma (WSM), Five Below (FIVE), Boot Barn (BOOT) and Shoe Carnival (SCVL) also make...

Occidental Petroleum Leads Exxon Mobil, Chevron Ahead Of Next Week's Earnings

Like Exxon Mobil (NYSE: XOM), Chevron (NYSE: CVX) and other oil-and-gas producers, Occidental Petroleum (NYSE: OXY) has been forming a potentially constructive consolidation, rather than falling...

Warren Buffett's Berkshire Hathaway has piled about $27 billion into Chevron and Occidental Petroleum this year....

Buffett sees investing in an oil producer as betting on the commodity's price over time, and predicts oil will be usurped within a century.

The simple and complicated story behind Buffett's massive oil buy: Morning Brief

Warren Buffett talked about Occidental Petroleum at Berkshire Hathaway's annual meeting on April 30th. “What [Occidental CEO] Vicki Hollub was saying made nothing but sense,” Buffett told...

Why Occidental Petroleum, Devon Energy, and Diamondback Energy Shares Fell Today

Oil prices were down as fears over demand destruction kicked in.

Warren Buffett Stocks: What's Inside Berkshire Hathaway's Portfolio?

Buffett's Berkshire grew a stake in Chevron (CVX) by 316%, also buying a big stake in Occidental Petroleum (OXY) Both Chevron and Occidental now rank among the conglomerate's top 10 holdings by...

Warren Buffett's Berkshire Hathaway has piled nearly $10 billion into Occidental Petroleum this year

Buffett's conglomerate has purchased nearly 20% of the oil-and-gas company over the course of 29 trading days this year.

Buffett's Berkshire buys more Occidental Petroleum, edges closer to 20% stake

(Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:BRKa) Inc on Monday said it has bought another 1.94 million shares of Occidental Petroleum Corp (NYSE:OXY), putting it nearer a threshold...

Warren Buffett's Berkshire Hathaway continues its buying spree, spending $122 million to boost its Occidental...

Warren Buffett's Berkshire Hathaway piled another $122 million into Occidental Petroleum. The investor's company now holds a 19.4% stake, up from 3% at the start of March. Berkshire also holds...

Warren Buffett's firm owns nearly $11B of Occidental stock

Warren Buffett’s Berkshire Hathaway now owns nearly $11 billion worth of Occidental Petroleum stock after buying another 1.9 million shares in the past week

Warren Buffett's firm owns nearly $11B of Occidental stock

OMAHA, Neb. (AP) — Warren Buffett's Berkshire Hathaway now owns nearly $11 billion worth of Occidental Petroleum stock after buying another 1.9 million shares in the past week.The latest purchases...

Warren Buffett's Berkshire Hathaway continues its buying spree, spending $122 million to boost its Occidental...

Warren Buffett's Berkshire Hathaway piled another $122 million into Occidental Petroleum. The investor's company now holds a 19.4% stake, up from 3% at the start of March. Berkshire also holds...

One-Stop Business News, backed by Mark Cuban. Free to Use →