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...“The value trap that was Japan is no longer,” said Seth Fischer, chief investment officer at Oasis....
...Chord was formed by the merger of Oasis Petroleum and Whiting Petroleum two years ago....
...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....
...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...
...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...
...Amid New Orleans festivities, rainmakers wonder if the party is over for Delaware Delaware, Inc. may be the enterprise now under the most intense activist threat....
...Gen Z has become the largest, fastest-growing demographic on our platform, and one of the key reasons Gen Z cites is that it sees Pinterest as an oasis away from the toxicity of the rest of social media....
...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...
...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....
...Berkshire also added to his positions in Capital One and oil producer Occidental Petroleum....
...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....
...The planned merger between Whiting Petroleum and Oasis Petroleum will create a company expected to produce between 164,000 and 169,000 barrels of oil equivalent a day this year, not 164mn to 169mn as wrongly...
...In refined petroleum products, such as diesel and fuel oil, UAE dominance was even higher, with 10 of the 20 largest traders registered in the country....
...Whiting Petroleum and Oasis Petroleum, two US shale oil producers that went through bankruptcy during the 2020 crude price crash, have announced a merger in the middle of a rally to create a $6bn operator...
...“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....
...But a decade reporting on Asia makes me wary of believing in a wider shift beyond some very dogged work at specific companies by activists such as Elliott and Oasis....
...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...
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