Hints and tips:
...“I am disappointed that the manufacturing challenges do keep happening at Boeing, this isn’t new,” Scott Kirby told CNBC....
...Berkshire did not disclose any new investments in the fourth quarter of 2023, although it increased its holdings in satellite radio operator SiriusXM and in oil majors Chevron and Occidental Petroleum....
...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....
...United chief executive Scott Kirby earlier this week said he was reconsidering a large order for the Max 10, the largest Max variant that is also awaiting FAA certification....
...BlackRock is set to invest $550mn into the world’s biggest direct air capture project, which is being developed by Occidental Petroleum, in a sign of growing investor confidence in the nascent technology...
...surge in supply led to gluts in the region surrounding CVR’s two refineries in Coffeyville, Kansas and Wynnewood, Oklahoma, allowing the company to buy crude oil at knockdown local prices and sell refined petroleum...
...This means Joaquin Phoenix and Vanessa Kirby will be able to appear at next week’s premieres of Napoleon — the $250mn Ridley Scott epic financed by Apple TV+ and distributed by Sony — in London and Paris...
...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...
...On Wednesday, White House National Security Council spokesperson John Kirby said the administration was watching the situation “with concern.”...
...News round-up General Atlantic takes first step towards potential US listing (FT) Cigna pulls out of blockbuster deal to create insurance giant with Humana (FT) Occidental Petroleum agrees $12bn deal...
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...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....
...Granholm has cheered on Occidental Petroleum’s plans to deploy direct air capture technology, which sucks CO₂ from the atmosphere to be stuffed underground, in the oilfields of west Texas....
...Its 25 per cent stake in Occidental Petroleum means part of the oil company’s profits are reported on Berkshire’s income statement....
...A version of this article was first published by Nikkei Asia on April 27 2023. ©2023 Nikkei Inc. All rights reserved....
...He prefers opportunistic rescue financings or investments in the $5bn to $20bn range, such as with Occidental Petroleum in 2019....
...“Vladimir Putin is also the CEO of Russia Oil Inc and he understands the dynamics of the market very well,” Yergin said....
...Disclosures have shown that Berkshire increased its stake in Occidental Petroleum during the quarter, however Buffett on Saturday said the company was not planning to take control of the oil company....
...Earlier in the year he spent tens of billions of dollars buying up shares in oil majors Occidental Petroleum and Chevron, and in the fourth quarter Berkshire’s takeover of rival insurer Alleghany was completed...
...United’s chief executive Scott Kirby last month warned that airlines needed more crew and planes to meet demand or they were “likely to tip over to meltdown any time there are weather or air traffic control...
...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....
...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....
...Occidental’s shares jumped 9.9 per cent to $71.29 after the Ferc filing.Buffett’s support was instrumental in Occidental’s $55bn takeover of Anadarko Petroleum in 2019....
...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...
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