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Warren Buffett Keeps Buying Occidental: Will Q4 Earnings Prove Him Right?
Tuesday, February 18, 2025 - 11:22am | 645Occidental Petroleum Corp (NYSE:OXY) will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 70 cents in EPS and $7.05 billion in revenues as the company reports after market hours. The stock is down 19.31% over the past year, 3.51% year-to-date. Warren Buffett Keeps Loading...
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Trump Vows To Power AI Boom With Expanded Oil Drilling: 'Need Double The Electricity At Least That We Have Right Now'
Tuesday, January 7, 2025 - 9:11pm | 654President-elect Donald Trump spotlighted artificial intelligence and drilling expansion as pillars of his economic vision Tuesday, pledging to foster AI-driven innovation while slashing energy costs through expanded deregulation. During a press conference at Mar-a-Lago, Trump outlined plans to...
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Chevron's Acquisition Of Hess Corp. Sends Ripples Through Energy Sector: Reasons Behind Stock Price Dip
Monday, October 23, 2023 - 2:26pm | 805Chevron Corp. (NYSE:CVX), the second-largest oil company in the United States after Exxon Mobil Corp. (NYSE:XOM), sent shockwaves through the market with its announcement of a planned acquisition of Hess Corp. (NYSE:HES) on Monday. However, the market’s initial response has been far from...
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US Signals Easing Of Sanctions On Venezuela's Energy Sector Following 2024 Election Deal: Report
Wednesday, October 18, 2023 - 3:29pm | 416In light of the 2024 election deal between the Venezuelan government and its opposition, there are reports suggesting that the Biden administration is getting ready to ease sanctions on Venezuela’s oil and gas sector. What Happened: This development comes after an anonymous senior official...
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OPEC's Optimism Boosts Outlook: Top 5 Oil Stocks To Watch Now
Saturday, October 7, 2023 - 2:40pm | 743In a world where every drop of oil and every puff of emission is scrutinized, the Organization of the Petroleum Exporting Countries, or OPEC, has stood as a bastion of optimism by reportedly raising its medium- and long-term oil demand outlook, which will be highlighted in a...
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Europe Stocks Rise After Hitting Two Month Low Amid US Debt Deal
Friday, June 2, 2023 - 2:20pm | 355European stock markets opened higher Friday morning as the US passed a bill to raise the debt ceiling and cap government spending for two years, averting a global economic catastrophe. The Stoxx 600 index currently trading 1% up, as it climbed further from the two-month low hit on Wednesday. Mining...
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Warren Buffett Boosts Occidental Stake, Adds 3.46 Million Shares
Tuesday, May 23, 2023 - 1:25pm | 790Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-B) is continuing to shop in the Occidental Petroleum Corp. (NYSE: OXY) aisle, adding 3.46 million shares to his position. The new purchases, valued at over $200 million, took place between May 16 and 18. Previously, various Berkshire Hathaway...
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ETF Analysis: Is The Energy Sector (XLE) Still A Long-Term Buying Opportunity?
Wednesday, March 29, 2023 - 8:58am | 488Following a record-breaking 2022, investors are wondering whether energy stocks still have untapped potential for long-term returns. Oil prices have risen sharply in the last week, with WTI crude recording a 6% weekly gain and rising far above $70 per barrel on the back of lower-than-expected U.S....
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Exxon Mobil (XOM) Tests 200-Day Moving Average Amid Sharp Swings In Energy Prices
Monday, March 20, 2023 - 5:04pm | 530Exxon Mobil Corporation (NYSE: XOM), the biggest U.S. oil company with more than $400 billion of market capitalization, has witnessed an unfavorable price action recently, struggling up and down the important 200-day moving average (DMA) at about $102 per share. Exxon Mobil shares fell...
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Michael Burry Criticizes EU Over Windfall Levy On Oil Companies: 'Short-Sighted Is The Realm In Which All Governments Operate'
Sunday, January 1, 2023 - 10:21pm | 440‘The Big Short’ investor Michael Burry who rose to prominence betting against the housing market in the run-up to the 2008 financial crisis has expressed his skepticism over the short-sightedness of governments. Citing a Wall Street Journal article about Exxon Mobil Corp (NYSE: XOM)...
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Argentina's Energy Company Mines Bitcoin Using Residual Gas
Tuesday, October 4, 2022 - 12:36pm | 549YPF Luz, a division of the state-owned Argentine energy company YPF has begun an initiative to use residual gas to power Bitcoin (CRYPTO: BTC) mining. The project seeks to make use of this residue from the earliest phases of oil well drilling and is presently being tested in Vaca Muerta, one...
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Elon Musk Says This Is Why He Wouldn't 'Demonize Oil And Gas' As He Lists 3 Key Pillars Of A Sustainable Energy Future
Wednesday, September 7, 2022 - 9:16am | 450Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk has consistently come across as a crusader for a sustainable future for humanity, and his numerous ventures are geared toward achieving the goal. What Happened: In an interview at the recent ONS conference held in Stavanger, Norway, Musk explained that his...
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Putin Is 'Not Bluffing:' Analyst Warns Germany Faces 'Severe Recession' With Russia Holding Back Gas Supplies
Thursday, August 11, 2022 - 1:02am | 509Germany has been reeling under the carpet since the beginning of the Russia-Ukraine and the cut down on the gas supplies has come as another major blow to its delicate economy. Last week Germany’s Commerzbank said that Russian cuts in natural gas supplies could trigger “a...
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Oil Falls For Second Day In A Row As Demand Concerns Outweigh Fears Of Supply Constraints
Thursday, July 21, 2022 - 1:44am | 315Oil traded lower for the second day in a row as concerns over demand overshadowed fears of supply constraints after U.S. government data indicated a sluggish demand during the peak summer season. At the same time, the world’s biggest crude producer Saudi Arabia has revealed its oil output is...
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Biden Administration's Plan To Tackle Pain At Pump Amid Russia-Ukraine War: Allow High-Ethanol Gas
Tuesday, April 12, 2022 - 6:04am | 522The Ukraine-Russia war has sent fuel prices skyrocketing and consumers are feeling the pain at the pump. To mitigate the crisis at hand, President Joe Biden's administration is considering options to make fuel affordable for Americans this summer driving season. What Happened: The...