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The Latest Breaking News from Petroleum

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.

Benzinga

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…

The Conversation

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.

Barchart

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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.

International Business Times UK

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…

Benzinga

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.

Barchart

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.

Benzinga

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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

The Independent UK

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

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

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The Guardian - UK

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

Benzinga

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.

Motor1

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…

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Barchart

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.

The Independent UK

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

Barchart

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.

Motor1

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…

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

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