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...Lego is fundamentally a product that is petroleum-based. I mean, ABS plastic has a core element of petroleum. Their entire product is based on oil....
...By contrast, many other businesses inside Icahn’s empire, which span automotive services, real estate and even sausage packaging, have struggled to generate meaningful earnings....
...with the claims about energy companies, saying “BlackRock clients have more than $170bn invested in American energy companies” and touted last month’s $550mn investment by a BlackRock fund in Occidental Petroleum...
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...The investments, along with purchases of shares in video streaming service Paramount Global and oil majors Occidental Petroleum and Chevron, showed that Buffett and his investment team continued to bet on...
...Separate filings show the company has increased its stake in energy company Occidental Petroleum in recent months....
...Richard Chilton, the founder and chief investment officer of Chilton Investment Company, told the FT he decided to add Berkshire to the company’s holdings after Buffett snapped up shares of Occidental Petroleum...
...FTI said the New York Times report “grossly mischaracterised” the services it provides to the oil sector....
...The conglomerate bought $7.7bn worth of shares in oil and gas company Occidental Petroleum and boosted its stake in the oil major Chevron....
...Shareholders in Occidental Petroleum last week overwhelmingly rejected a proposal calling on the company to set more detailed emissions reductions targets....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Go deeper Soaring energy prices are reviving the US shale oil industry and yesterday Whiting Petroleum and Oasis Petroleum, two US shale oil producers, agreed a $6bn merger....
...A version of this article was first published by Nikkei Asia on March 21 2022. ©2022 Nikkei Inc....
...However, Alain Harfouche, managing director at investment and advisory financial services group Guggenheim Securities, reckoned such moves were driven more by efforts of reorienting portfolios towards higher-value...
...The White House said last month the group was part of the Russian Foreign Intelligence Service....
...A version of this article was first published by Nikkei Asia on October 11 2021. ©2021 Nikkei Inc....
...For 1kg of ABS, it needs about 2kg of petroleum. Eager to wind down plastic use, Lego has been seeking for years to develop environmentally-friendly bricks....
...Streaming services like Netflix and Hulu have changed the way we consume media and competition is going to ramp up as telecoms and cable groups also enter the fold....
...The North Face refused an order from Innovex Downhole Solutions, a Houston-based oilfield services group, for about 400 company-branded North Face jackets that it intended as gifts for staff....
...A version of this article was first published by Nikkei Asia on March 23 2021. ©2020 Nikkei Inc. All rights reserved. Related stories Can a barbecue baron kick off a big year for Philippine IPOs?...
...DD’s James Fontanella-Khan takes us through how a mega-deal at Occidental Petroleum took a turn for the worse in this M&A tale....
...As part of the deal Berkshire will receive an 8 per cent yearly dividend, which echoes an agreement with Occidental Petroleum, the US energy company whose takeover of rival Anadarko Petroleum Mr Buffett...
...For large swaths of the financial services sector, both in Japan and beyond, they are key clients: sources, said one M&A banker in Tokyo, of a constant stream of deals and demanding of permanent attention...
...In an April 16 note downgrading Diamond’s debt to the 17th point on its 21-point scale, rating agency Moody’s said the oilfield services sector would be “one of the sectors most significantly affected” by...
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