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...That dwarfs its second-largest publicly traded investment: Bank of America....
...Even so, BHP’s dividend largesse cannot hold out forever. Particularly now that Henry has upped BHP’s annual investment target by a tenth to $11bn....
...Woodside bought BHP’s lucrative former oil and gas assets last year while Santos solidified an A$21bn takeover of Sydney-based Oil Search in 2021....
...Irving Oil, the owner of Canada’s largest petroleum refinery, has launched a strategic review of the private company that could result in a sale or a change in its sprawling energy portfolio....
...Last month BP said it would spend $1.3bn to acquire TravelCenters of America, a chain of US highway fuel stations, to bolster its EV charging business....
...Of the diversified miners, BHP produces the most copper in this group....
...It is a change from previous crises, when Berkshire’s capital helped shore up both Goldman Sachs and Bank of America. The latter is now a core holding in the company’s stock portfolio....
...Woodside Petroleum completed a merger with BHP’s oil and gas business this year, while Santos merged with rival Oil Search in a A$21bn deal last year....
...“We owe the country no less: America’s dynamism has made a huge contribution to whatever success Berkshire has achieved — a contribution Berkshire will always need,” he wrote....
...Olczak says he borrowed the name for PMI’s “beyond nicotine” strategy from BP’s “beyond petroleum” tagline following a dinner with former BP chief executive John Browne....
...His company’s stakes in Bank of America and American Express both rank among its five largest holdings. In the first quarter, Berkshire bet on Citigroup with an investment worth $2.9bn....
...The Wall Street pressure, which is rooted in part in doubts about the long-term demand for fossil fuels, has put the clamps on America’s oil industry’s growth....
...Even so, the US has a larger share of Europe’s petroleum imports, so the economic effects of a slowdown in exports would, presumably, be larger....
...“There are lots of headwinds to increasing production worldwide,” Occidental Petroleum chief executive Vicki Hollub told analysts last week....
...The company recently launched an ESG advisory programme for the Independent Petroleum Association of America — a trade group that backed the Trump administration’s rollback of environmental protection laws...
...In 2020, Barbados granted hydrocarbon exploration licences to BHP, and the company plans to conduct surveys in two regions in search of petroleum reserves....
...That followed a deal with BHP to buy material from its operations in Australia. Tesla has also agreed to buy nickel from a mine in New Caledonia that is part-owned by commodity trader Trafigura....
...It added that any agreement to combine its oil and gas assets in Australia, North America and Africa with Woodside could result in a distribution of the Perth-based energy group’s shares to BHP shareholders...
...Warren Buffett’s Berkshire Hathaway disclosed late on Wednesday that it had purchased a stake in computer and printer maker HP Inc worth $4.2bn, the latest sign that the sprawling conglomerate and its billionaire...
...In North America in 2021, more than 30 climate-related resolutions were filed for consideration at the annual general meeting by CA100+ signatories....
...Disclosures in the preceding days also showed Berkshire had built a stake worth about $8bn in the oil producer Occidental Petroleum’s common stock....
...In the first quarter, the company spent $51.1bn buying shares of companies, including large bets on oil majors Chevron and Occidental Petroleum....
...$11.6bn to buy Alleghany earlier this year, he knew he could do so without sign-off from Berkshire Hathaway’s board — a form of approval that’s otherwise standard for chief executives across corporate America...
...Bank of America analysts have put the cost to “save our planet” at a “mind-boggling” $5tn annually for the next 30 years....
...Australia’s BHP, the world’s biggest mining company, yesterday announced plans to exit the oil and gas industry by selling its petroleum business to Woodside Petroleum....
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