By Jonathan Stempel (Reuters) -Berkshire Hathaway Inc, run by billionaire Warren Buffett, has tripled its stake in online banking company Ally Financial Inc and increased its bet...
By Yasin EbrahimInvesting.com -- The Dow slipped Thursday, as a slump in energy stocks weighed on the broader market ahead of the eagerly awaited monthly jobs report due Friday...
EU attempting to revive Iran nuclear deal with market staying pessimistic Crude prices could rebound from oversold conditions but stay off 2022 highsBoth Iran, US likely looking...
The Inflation Reduction Act, which will likely be passed by Congress this week, contains multiple provisions impacting the energy industry in the U.S. Here is how traders and...
Buffett Boosts Occidental Stake Above 20%Last week, when energy companies tumbled on renewed recession fears, we predicted that Warren Buffett would take advantage of this latest...
Occidental Petroleum Corporation is an energy company. The Company primarily conducts its ongoing exploration and production activities in the United States, the Middle East and North Africa. Within the United States, it has operations in Texas, New Mexico and Colorado, as well as offshore in the Gulf of Mexico. The Company operates through three reporting segments: oil and gas, chemical and midstream and marketing. The oil and gas segment explores for, develops and produces oil (which includes condensate), natural gas liquids (NGL) and natural gas. The chemical segment (OxyChem) primarily manufactures and markets basic chemicals and vinyls. The midstream and marketing segment purchases, markets, gathers, processes, transports and stores oil (which includes condensate), NGL, natural gas, carbon dioxide (CO2) and power. Its midstream and marketing segment also includes Occidental’s low carbon ventures (OLCV) businesses.