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The Latest Breaking News from Petroleum

Option Volatility and Earnings Report for November 10 - 14

It’s a significantly quitter week for earnings this week, with only a few key names set to report. This week we have Disney, Cisco Systems, CoreWeave, Nu Holdings, Jd.com, Occidental Petroleum and Applied Materials all reporting.

Barchart

Stock Market Today: S&P 500, Nasdaq Futures Rise As Nvidia, TSMC, Occidental Petroleum Lead Advances

U.S. stock futures rose on Monday after Friday’s mixed close. Futures of major benchmark indices were higher.

Benzinga

When polluters don’t pay: still no cleanup at South African oil refinery that’s caused millions in damage but was sold for 6 cents

When BP and Shell sold the South African Petroleum Refinery (Sapref) in 2024 to the Central Energy Fund, a government entity, for R1 (or six US cents), environmental advocates warned that Sapref had not taken any steps to clean up pollution. Neither had it made reparations for harm inflicted on…

The Conversation

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How To Earn $500 A Month From Occidental Petroleum Stock Ahead Of Q3 Earnings

Occidental Petroleum Corporation (NYSE:OXY) will release earnings results for the third quarter after the closing bell on Monday, Nov. 10.

Benzinga

Marathon Petroleum Faces Pressure From Rising Turnaround Costs And Renewable Diesel Losses

Marathon Petroleum Corp. (NYSE:MPC) stock fell Tuesday after the company reported mixed third-quarter fiscal 2025 results.

Benzinga

Are Wall Street Analysts Bullish on Occidental Petroleum Stock?

As Occidental Petroleum has considerably underperformed the broader market over the past year, Wall Street analysts maintain a cautious outlook about the stock’s prospects.

Barchart

Senate votes to vacate Biden rule on Alaska petroleum reserve - Roll Call

The Biden administration in 2022 finalized a record of decision that would close off 11 million acres in the reserve to oil and gas leasing.

Roll Call

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Occidental Petroleum's Q3 2025 Earnings: What to Expect

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

Barchart

White House approves increased oil and gas drilling in Alaska’s national wildlife refuge

National Petroleum Reserve lease sales and permitting for road through Izembek wildlife refuge were also approved

The Guardian - US

Occidental Petroleum Shares Are Trading Higher Thursday: What's Going On?

Occidental Petroleum Corporation (NYSE:OXY) shares are trading higher Thursday as prices rise after the U.S. imposed sanctions on two Russian oil companies, Rosneft and Lukoil.

Benzinga

Crude Oil Gains on News the US Plans to Refill the SPR

November WTI crude oil (CLX25 ) on Tuesday closed up +0.30 (+0.52%), and November RBOB gasoline (RBX25 ) closed down -0.0049 (-0.27%). Crude oil and gasoline prices on Tuesday settled mixed. Crude found support on Tuesday on US plans to refill the Strategic Petroleum Reserve (SPR). Crude also garnered support...

Barchart

Here's What to Expect From Marathon Petroleum’s Next Earnings Report

Marathon Petroleum is set to announce its fiscal third-quarter results next month, and analysts are anticipating a strong double-digit increase in earnings.

Barchart

Exxon Mobil Reportedly Sells Guyanese Oil To Indian Refiners

Exxon Mobil Corporation (NYSE:XOM) reportedly sold 4 million barrels of Guyanese crude oil to Indian Oil Corp. and Hindustan Petroleum Corp. in India.

Benzinga

OxyChem Sale Frees Billions For Occidental Petroleum To Boost Upstream Projects

Occidental Petroleum (NYSE:OXY) is repositioning its portfolio and accelerating upstream development following the announced $9.7 billion sale of its OxyChem segment to Berkshire Hathaway (NYSE:BRK) (NYSE:BRK).

Benzinga

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Benzinga

Will Buffett Be Stuck With China's Plastic Overcapacity?

Warren Buffett's OxyChem purchase might not just be about polyester or polyvinyl — it might be about picking up exposure to China's chemical overcapacity. Occidental Petroleum Corp (NYSE:OXY) has openly cited increasing competition from Chinese chemical exporters as a key reason to jettison OxyChem.

The Conversation

Refinery fires, other chemical disasters may no longer get safety investigations

When fire erupted at the Intercontinental Terminals Co. bulk liquid petroleum storage terminal, large plumes of dark smoke billowed into the clear skies over Deer Park, Texas. Despite the efforts of site staff and local firefighters, more than 70 million gallons of petroleum products burned or were otherwise released into…

Barchart

Warren Buffett Just Give Occidental Petroleum a HUGE $10 Billion Boost. Should You Buy OXY Stock Here?

Buffett’s $9.7B OxyChem deal trims Occidental’s debt, but investors question if losing steady cash flow leaves OXY too oil-dependent.

International Business Times UK

Buffett's $9.7B OxyChem Deal Months Before Retirement Safeguards His Sinking Oxy Common Stock Position

Warren Buffett's Berkshire acquired Occidental Petroleum's petrochem business in a $9.7 billion cash deal, which will help Oxy lower its debt and repair its balance sheet, expected to help Buffett's common stock position, which is underwater.

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Benzinga

Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market finished higher on Thursday, as the Dow Jones Industrial Average edged up nearly 0.2% to 46,519.72, the SP 500 added 0.06% to 6,715.35, and the Nasdaq climbed about 0.4% to 22,844.05.These are the top stocks that gained the attention of retail traders and investors through the…

Barchart

Berkshire Hathaway Just Made a Huge Bet on Occidental Petroleum. Does That Make OXY Stock a Buy?

Occidental Petroleum stock sinks as Berkshire Hathaway confirms its $9.7 billion buyout of OxyChem. Here’s why the OXY share price decline on Thursday is worth buying.

Benzinga

Occidental Petroleum (OXY) Shares Are Trading Lower Thursday: What's Going On?

Occidental Petroleum Corporation (NYSE:OXY) shares are trading lower on Thursday. Berkshire Hathaway, Inc. (NYSE:BRK) (NYSE:BRK) agreed to acquire its OxyChem business for $9.7 billion in an all-cash deal.

The Independent UK

Warren Buffet’s last big deal? Berkshire Hathaway to buy chemicals firm for $9.7 billion

The deal could signal a passing of the torch from Buffet to Berkshire Vice Chair Greg Abel, who will become CEO in January

Benzinga

Warren Buffett's Berkshire Hathaway To Buy Occidental's OxyChem For $9.7 Billion

Warren Buffett's Berkshire Hathaway Inc. (NYSE:BRK) (NYSE:BRK) announced Thursday it reached a deal to buy Occidental Petroleum’s (NYSE:OXY) petrochemical unit, OxyChem, for $9.7 billion in cash.

Benzinga

Occidental Analyst Calls Possible OxyChem Sale A 'Big Bang' Move

As corporate giants continue to reassess their portfolios amid economic shifts, strategic divestitures are becoming a common tool for companies looking to streamline operations and optimize financial health. JPMorgan analyst Arun Jayaram weighed in on reports that Occidental Petroleum Corp. (NYSE:OXY) is in discussions to sell its OxyChem division to…

Benzinga

Why Buffett Is Splurging $10 Billion On OxyChem, Which Has Just $5 Billion In Revenue

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…

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