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The Latest Breaking News from Petroleum

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…

Benzinga

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Lithium Americas, Nike, Pfizer, CoreWeave And Occidental Petroleum: Why These 5 Stocks Are On Investors' Radars Today

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…

Benzinga

Warren Buffett's Berkshire In Talks To Buy OxyChem For $10 Billion: Report

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.

Benzinga

Occidental Petroleum (OXY) Stock Is Moving Higher Monday: Here's Why

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.

Benzinga

Trump brags of ‘massive’ oil deal in Pakistan – but drilling has not found any

Announcement of deal baffles experts and former ministers, who say there is no sign of any untapped reserves

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Stock Of The Day: Will Occidental Petroleum Break Out Of Triangle Pattern?

Trading in Occidental Petroleum Corporation (NYSE:OXY) is quiet on Monday. But the stock is still in an uptrend and it may continue to remain in it.

Benzinga

Evolution Petroleum Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Evolution Petroleum Corporation (NYSE:EPM) will release earnings results for the fourth quarter after the closing bell on Tuesday, Sept. 16.

Benzinga

This Tiny Engine Fits In a Briefcase. But It Could Boost Your EV's Range by Hundreds of Miles

Despite a significant focus on electric vehicles by much of the industry, combustion engines are proving hard to kill. Companies are still pouring billions into development, and Horse Powertrain, the Romanian company behind the engine that runs on liquified petroleum gas, has another new engine that can turn an EV…

Motor1

Is Marathon Petroleum Stock Outperforming the Nasdaq?

While Marathon Petroleum has outperformed the Nasdaq on a YTD basis, analysts remain cautiously optimistic about the stock’s prospects.

Barchart

India is selling Russian oil products to EU at record rate before ban kicks in

From January new EU sanctions will prohibit the import of petroleum products refined from Russian oil in third countries

The Independent UK

Is Occidental Petroleum Stock Underperforming the Dow?

With Occidental lagging behind the Dow Jones Industrial Average over the past year, Wall Street appears cautious about its prospects.

Barchart

This Innovative Hybrid Engine Runs on Gas and Liquified Petroleum

A major innovation in the automotive world comes from Romania: production has begun on the world's first, mass-produced liquified petroleum gas (LPG) direct-injection engine. Signing off on this first is Horse Technologies, a company specializing in the development of low-emission propulsion systems, which was born out of a joint venture…

Motor1

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The Conversation

How can Western countries back up Palestine recognition with action? Here are 4 ways to pressure Israel

Italian Defence Minister Guido Crosetto said recently the Israeli cabinet has “lost its reason and humanity” in Gaza, reflecting a widespread view around the world.

Capital & Main

There’s a ‘Lake’ of Oil Under L.A.’s Soon-to-Close Refinery. Who’s Going to Clean It Up?

Climate policies could lead to future refinery closures as Californians transition to electric vehicles.

Motorsport

Diogo Moreira to join Honda ahead of 2026 MotoGP debut

Moto2 title contender Diogo Moreira could replace Somkiat Chantra at LCR in a long-term Honda deal with factory status

Autosport

Moreira set to join Honda ahead of MotoGP debut in 2026

The Moto2 title contender is expected to replace Somkiat Chantra at LCR in a long-term Honda deal with factory status

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Barchart

Are Wall Street Analysts Bullish on Marathon Petroleum Stock?

Marathon Petroleum has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

Benzinga

This Occidental Petroleum Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.

Barchart

Are Crude Oil Prices Going Much Lower?

Nearby NYMEX crude oil prices fell to the 2025 low of $55.12 per barrel in April, following the U.S. announcement of unprecedented tariffs on its trading partners worldwide. However, the turmoil in the Middle East lifted the price to $78.40 in late June, after which it ran out of upside…

Benzinga

Buffett's Stealthy Stock Picks: Occidental Petroleum And The Oracle's Quiet Wins

Warren Buffett, the Oracle of Omaha, is the master of the sly stock grab, quietly amassing stakes in undervalued companies while the market naps. His recent moves, like boosting Berkshire Hathaway Inc's (NYSE:BRK) (NYSE:BRK) holdings in Occidental Petroleum Corp (NYSE:OXY) and VeriSign Inc (NASDAQ:VRSN), prove he's still got a nose…

Tom’s Guide

People are using Vaseline on their fridge to beat the heatwave — here's why it makes more sense than you think

How a beauty staple can improve the efficiency of your fridge in a heatwave and stop your food from spoiling.

Barchart

What Are Wall Street Analysts' Target Price for Occidental Petroleum Stock?

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.

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

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