EXPRO

Berkshire Hathaway boosts Occidental Petroleum stake above 20%

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan Register now for FREE unlimited access to Reuters.com register August 8 (Reuters) – Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) bought …

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Nigeria’s Buhari grants consent to Seplat’s buy of Exxon Mobil’s Nigeria unit

ABUJA, Aug 8 (Reuters) – Nigerian President Muhammadu Buhari has granted consent to the acquisition of Exxon Mobil’s Nigerian unit by Seplat Energy (SEPLAT.LG), in a $1.28 billion deal announced in February. Buhari, who doubles as oil minister, granted ministerial approval to the deal, the presidency said in a statement on Monday. Exxon and Seplat …

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Berkshire Hathaway posts massive $43.8 billion loss; operating results improve

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc’s annual shareholder meeting in Omaha, Nebraska, US, May 4, 2019. REUTERS/Scott Morgan//File Photo Register now for FREE unlimited access to Reuters.com register Aug 6 (Reuters) – The slide in US stock prices …

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Occidental tops 2nd-qtr estimates, launches share buybacks

The Occidental Petroleum Corp headquarters is pictured in Los Angeles, California September 16, 2013. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com register HOUSTON, Aug 2 (Reuters) – Occidental Petroleum Corp (OXY.N) on Tuesday capped a turnaround with a second-quarter profit that topped Wall Street estimates while slashing debt and launching a share …

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BP boosts dividend after profit hits 14-year high

Profits soar to $8.45 bln, far exceeding forecasts BP boosts dividend by 10% BP to boost spending on oil and gas, CEO says Profits driven by strong oil trading, hit by LNG LONDON, Aug 2 (Reuters) – BP’s (BP.L) second quarter profit soared to $8.45 billion, its highest in 14 years, as strong refining margins …

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Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – …

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Oil prices fall after US data shows lackluster gasoline demand

Crude oil storage tanks are seen at the Kinder Morgan terminal in Sherwood Park, near Edmonton, Alberta, Canada November 14, 2016. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com register US crude stocks dip, gasoline inventories up – EIA EIA data shows lackluster gasoline demand – analysts Central bank efforts to limit inflation …

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Is Warren Buffett’s interest in Occidental a bet against recession?

July 15 (Reuters) – Warren Buffett’s near 20% stake in Occidental Petroleum has some investors expecting the billionaire to eventually absorb the oil producer and turn it into a “cash machine” that feeds his other investments. Buffett’s Berkshire Hathaway has been snapping up Occidental shares since 2019, when it bought around $10 billion in preferred …

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Buffett’s Berkshire owns 19.2% of Occidental Petroleum after new purchases

Equipment used to process carbon dioxide, crude oil and water is seen at an Occidental Petroleum Corp enhanced oil recovery project in Hobbs, New Mexico, US on May 3, 2017. REUTERS/Ernest Scheyder Register now for FREE unlimited access to Reuters.com register July 13 (Reuters) – Berkshire Hathaway Inc (BRKa.N), run by billionaire Warren Buffett, said …

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Norwegian oil and gas workers start strike, cutting output

OSLO, July 5 (Reuters) – Norwegian offshore workers began a strike on Tuesday that will reduce oil and gas output, the union leading the industrial action told Reuters. The strike, in which workers are demanding wage hikes to compensate for rising inflation, comes amid high oil and gas prices, with supplies of natural gas to …

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