Update: Market Chatter: FTC Set to Rule on Exxon Mobil-Pioneer Deal in Coming Days
The US oil giant Chevron has announced it will quit the North Sea after 55 years, the day after Jeremy Hunt turned down industry pleas for support at a private meeting.
Occidental Petroleum (NYSE:OXY) is an energy stock in Warren Buffett’s Berkshire Hathaway (NYSE:BRK.B) portfolio. Berkshire owns 248 million shares of OXY, indicating a 28% stake in the company, which is quite sizeable. I believe this Warren Buffett stock is a good buy in May 2024. I am bullish on OXY stock due to its acquisition of CrownRock, expanding chemicals business, and massive potential for low-carbon products. Berkshire has increased its stake in Occidental Petroleum since 2020, and it
Gas prices are expected to rise this summer amid higher refining costs and capacity constraints.
(Bloomberg) -- Nigeria’s new Dangote mega refinery near Lagos is seeking to buy millions of barrels of US crude over the next year as it ramps up processing rates, a sign of the challenges that Africa’s largest producer faces in lifting its own oil output.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyJamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Putin and Xi Vow to Step Up Fight to Counter US ‘Containment’With a BlackRock CEO, $9 Trillion Vangu
(Bloomberg) -- It’s been four months since a liquefied natural gas tanker has passed through the narrow strait at the southern end of the Red Sea separating the Arabian Peninsula and Africa, testament to how violent attacks there have upended global energy trade.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyPutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Is Trading Near Hist
(Bloomberg) -- Firefighters gained control of one wildfire near the main oil-sands region of Alberta on Wednesday, but continued to battle a much larger blaze to the south that’s threatening the area’s biggest city.Most Read from BloombergUS Inflation Data Was Accidentally Released 30 Minutes EarlyWith a BlackRock CEO, $9 Trillion Vanguard Braces for TurbulencePutin and Xi Vow to Step Up Fight to Counter US ‘Containment’Jamie Dimon Sees ‘Lot of Inflationary Forces in Front of Us’Dow Average Touc
Oil prices were rising, buoyed by shrinking stockpiles and a wider risk-on mood. Brent crude was up 0.4% at $83.06 a barrel, while WTI rose 0.3% to $78.86 a barrel. The market is bullish after Consumer Price Index data showed U.
On the "Afford Anything" podcast, Suze Orman delivered a pointed critique on the notion of retiring early with a $2 million portfolio. She was direct in her advice, emphasizing the insufficiency of such an amount for early retirement. "Two million dollars is nothing," Orman declared, "It’s nothing. It’s pennies in today’s world, to tell you the truth." Don't Miss: The average American couple has saved this much money for retirement — How do you compare? Can you guess how many Americans successfu
Investment guru Warren Buffett confirmed Wednesday the trimming of his Apple, Inc. (NASDAQ:AAPL) stake and finally shed light on the mystery stock his firm, Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK), accumulated ahead of the first quarter. Apple, Chevron Trimmed: Berkshire reduced its Apple position by a little over 116 million. The firm now owns 789,368,450 Apple shares valued at $135.36 billion, a 13F filing shows. This is the second straight quarter that the Buffett-led company has dilut
Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison. His high-profile trial marked a significant chapter in the unraveling of FTX, which collapsed under suspicious financial practices, leading to intense scrutiny and legal action. For the first time since his incarceration, Bankman-Fried described his daily life in a detailed interview with journalist William D. Cohan of Puck. Do