The Latest Breaking News from OXY

Warren Buffett's Berkshire Hathaway Inc (NYSE:BRK) (NYSE:BRK) isn't just buying a business — it's buying a cash machine with staying power. The conglomerate is reportedly in advanced talks to acquire Occidental Petroleum Corp's (NYSE:OXY) petrochemical unit, OxyChem, for around $10 billion, despite the company generating roughly $5 billion in annual…

The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89, the SP 500 climbed about 0.4% to 6,688.46, and the Nasdaq rose 0.3% to 22,660.These are the top stocks that gained the attention of…

Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) is in talks to acquire Occidental Petroleum Corp.‘s (NYSE:OXY) chemical unit, OxyChem, in a deal valued at roughly $10 billion.

Occidental Petroleum Corporation (NYSE: OXY) shares are trading higher on Monday after reports emerged that the company is in advanced talks to sell its OxyChem petrochemicals division for approximately $10 billion.

Analysts see the carbon capture and sequestration market growing to the tune of over $14 billion by 2032. These three stocks can give investors exposure.

Occidental Petroleum has lagged behind the broader market over the past year, and Wall Street analysts maintain a cautious outlook on the stock’s prospects.

Occidental Petroleum will release its second-quarter earnings next month, and analysts anticipate a double-digit profit dip.

With Warren Buffett’s Berkshire Hathaway holding over 28% of its shares and company insiders also buying in, Occidental Petroleum is a cheap energy stock with strong fundamentals.

As the United States draws oil inventory by the largest amount since December 2024, there could be bottlenecks sending oil prices higher.

The completion of a channel deepening and widening project is taking the booming Port of Corpus Christi to new heights—and depths.

Occidental Petroleum is overcoming obstacles and effectively reducing costs. The margin is widening, and cash flow sustains a robust outlook for shareholders.