Occidental Financial News

14.02 / 15:03

markets Coca-Cola CEO JPMorgan Apple Occidental Trade Berkshire Hathaway might have sold more Apple, Bank of America stock in fourth quarter

Subscribe to enjoy similar stories. Berkshire Hathaway’s filing of its fourth-quarter equity holdings expected Tuesday will be scrutinized for any moves by Warren Buffett and his investment lieutenants during Buffett’s final quarter at the helm of the company. Buffett handed the reins to new CEO Greg Abel at the end of 2025, but remains chairman.

08.03 / 02:07

markets Manufacturing CEO Occidental track reports In charts: The final report card of Buffett's era and Greg Abel’s challenges

Buffett stepped down as its CEO after 60 years in the role. He announced the decision at the company's annual shareholder meeting in May, citing the physical effects of ageing.Buffett had taken control of Berkshire in 1965, when it was a struggling textile manufacturer. Alongside his partner Charlie Munger, who passed away in 2023, he built it into a sprawling conglomerate with holdings spanning insurance, railroads, energy, utilities, manufacturing, and consumer goods.

05.02 / 14:03

Death Occidental President OXY social rock Colombia's president orders national oil company to cancel US venture over environmental concerns

BOGOTA, Colombia (AP) — Colombian President Gustavo Petro on Tuesday ordered the state-run oil company Ecopetrol to cancel a joint venture with a U.S.-owned company that was expected to produce around 90,000 barrels of oil per day, citing environmental concerns.

20.12 / 13:49

markets UPS Occidental wellness track Warren Buffett's Berkshire Hathaway scoops up Occidental and other stocks during sell-off

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23.10 / 11:05

markets Booking Strategy Occidental wellness stage rock This little known private-equity firm booked a 79-fold return

Subscribe to enjoy similar stories. Patience paid off in a big way for Lime Rock Management. The private-equity firm recently sold the shares it received as part of the August sale of its majority stake in oil-and-gas producer CrownRock, notching what is perhaps one of the buyout industry’s biggest scores.

09.09 / 14:21

markets UPS Provident CEO Occidental performer Oman state-run oil firm OQ will make initial public offering and potentially seek billions

An Omani state-run oil and gas company says it will make an initial public offering of its exploration and production business, potentially seeking billions in a major move toward privatization in the sultanate

18.06 / 14:21

UPS CEO Occidental Trade show rights Warren Buffett buys Occidental shares for 9 straight days, pushes his stake to nearly 29%

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11.06 / 16:28

UPS CEO Airlines Tesla Occidental Trade CrowdStrike, KKR rise; Huntington Bancshares, Tesla fall, Monday, 6/10/2024

Stocks that traded heavily or had substantial price changes on Monday: CrowdStrike, KKR rise; Huntington Bancshares, Tesla fall

06.05 / 18:39

UPS Apple Occidental reports mountaineering Warren Buffett eyes Canadian investment as cash pile hits fresh record

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals.

06.05 / 13:17

UPS Apple Occidental reports mountaineering Berkshire Hathaway earnings grow to $11B, cash hoard at $189B

05.05 / 04:35

UPS Apple Occidental reports mountaineering Berkshire cash hoard scores another record as earnings gain

Berkshire Hathaway Inc.’s cash pile hit yet another record as billionaire investor Warren Buffett confronted a dearth of big-ticket deals. Operating earnings also rose, buoyed by his collection of insurance businesses. The firm’s hoard increased to $189 billion at the end of the first quarter, topping the record it set at year-end. The company also reported first-quarter operating earnings of $11.2 billion, versus $8.07 billion for the same period a year earlier.

08.04 / 20:39

UPS Provident Manufacturing Airlines Occidental Trade Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall, Monday, 4/8/2024

Stocks that traded heavily or had substantial price changes on Monday: Taiwan Semi, Spirit Airlines rise; Paramount Global, Occidental Petroleum fall

19.03 / 21:01

economy BlackRock Occidental social Schools Relationships Texas schools fund pulls $8.5 billion from BlackRock over ESG policies

By Isla Binnie

26.02 / 11:17

FIVE Occidental wellness Trade Platts says adding Midland to Brent has gone well, no need for more

By Robert Harvey and Alex Lawler

26.02 / 09:30

Occidental Universities Warren Buffett's annual letter to shareholders declares no 'meaningful' options outside the US

In his 59th letter to shareholders, Buffett said Berkshire has the largest GAAP net worth — the sum of the total shareholders' equity in such person — to date in the US at $561trn. The GAAP net worth for the other 499 S&P companies was $8.9trn in 2022. Berkshire Hathaway adds to Occidental Petroleum stake with further $589m investment «By this measure, Berkshire now occupies nearly 6% of the universe in which it operates,» he said. «Doubling our huge base is simply not possible within, say, a five-year period, particularly because we are highly averse to issuing shares (an act t...

26.02 / 08:29

Occidental Universities Warren Buffet's annual letter to shareholders declares no 'meaningful' options outside the US

In his 59th letter to shareholders, Buffet said Berkshire has the largest GAAP net worth — the sum of the total shareholders' equity in such person — to date in the US at $561trn. The GAAP net worth for the other 499 S&P companies was $8.9trn in 2022. Berkshire Hathaway adds to Occidental Petroleum stake with further $589m investment «By this measure, Berkshire now occupies nearly 6% of the universe in which it operates,» he said. «Doubling our huge base is simply not possible within, say, a five-year period, particularly because we are highly averse to issuing shares (an act th...

25.02 / 06:37

markets UPS Occidental wellness track Schools A collection of the insights Warren Buffett offered in his annual letter Saturday

Billionaire Warren Buffett is known as one of the world’s greatest investors, and the 93-year-old has a devout following of people who admire his track record and appreciate his sage advice on life and investing

25.02 / 04:21

UPS FIVE Occidental Trade performer reports Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger

Warren Buffett credited his longtime partner — the late Charlie Munger — with being the architect of the Berkshire Hathaway conglomerate he's received the credit for leading and warned shareholders in his annual letter not to listen to Wall Street pundits or financial advisors who urge them to trade often. Buffett also recounted how Berkshire's insurance businesses thrived last year, but its massive utilities and BNSF railroad disappointed. He also told shareholders how he never plans to sell its stakes in nearly 30% of Occidental Petroleum and 9% of five large Japanese trading houses, but he reiterated that he has no plans to buy the oil producer outright.

24.02 / 20:33

markets COST Apple Occidental Bill performer Warren Buffett's Berkshire Hathaway Achieves Second Straight Record Annual Profit

Warren Buffett's Berkshire Hathaway on Saturday posted its second straight record annual operating profit, with its insurance business benefiting from improved underwriting and higher income from investments as interest rates rose. Net income also reached a record $96.2 billion, as the rising stock market boosted the value of Berkshire's $354 billion equity portfolio, half of which is in Apple.

24.02 / 15:07

UPS Apple Occidental Trade country Warren Buffett says Berkshire may only do slightly better than the average company due to its sheer size

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15.02 / 21:59

markets UPS Occidental Trade show reports record high Stock Market Today: S&P 500 rides rally in energy to close at record high

Investing.com — The S&P 500 closed at a record high Thursday, as a jump in energy led the broader market rally and boosted sentiment after economic data showed possible signs of weakness in the consumer.

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