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Occidental Petroleum Newsroom
Oil Stats Are All Over the Place; It's a Problem for Investors and Environmentalists Alike -- Barrons.com
To slow the most devastating impacts of climate change, countries will have to agree on how to move away from fossil fuels and toward cleaner alternatives. Today, the world's biggest energy organizations can't even agree on how much oil is already being used.
Express News | Occidental Petroleum Corp : HSBC Cuts Target Price to $62 From $65
Oil Prices Rise Amid Rate Cut Cheer, Summer Demand Hopes
Oil prices rose in Asian trade on Friday amid optimism over U.S. interest rate cuts and improved summer demand, but were still set for weekly losses on some profit-taking.
Occidental Petroleum (OXY) Ascends But Remains Behind Market: Some Facts to Note
Express News | Occidental 2Q Average Realized Oil Price Was $79.89 per Barrel - Filing
OPEC Monthly Report: Oil supply shortages may occur in the coming months as countries such as Russia have not yet fulfilled their production cuts.
On Wednesday, according to the latest monthly report from OPEC, although Russia significantly reduced its crude oil production in June, the three main OPEC+ members, Russia, Iraq, and Kazakhstan, still supply tens of thousands of barrels per day more than their quotas set earlier this year.
Crude Oil Regains Some Track – TDS
Crude oil's resilience has seen Commodity Trading Advisors (CTAs) add back their notable length in WTI. The impact to oil supply from hurricane Beryl was less than expected, TDS analysts note.
OPEC Monthly Report: Maintaining Unchanged Oil Demand Forecast, Some Member Countries Still Exceed Production Quotas.
OPEC maintains its estimated oil demand growth for the next two years.
How Much Occidental Petroleum Stock Does Warren Buffett Own?
OPEC Holds Oil-Demand View Steady, Expects Faster Economic Growth -- Update
The Organization of the Petroleum Exporting Countries kept its bullish outlook for oil-demand growth unchanged and raised its economic-growth forecast for this year, citing solid momentum across major economies.
Crude Oil Prices Ease as Investors Digest Fed Chair Remarks, ANZ Bank Says
Crude oil prices ended the previous session lower and saw some volatility as investors considered Federal Reserve Chair Jerome Powell's semiannual monetary policy report, which said the U.S. is "no
This Warren Buffett Metric Is at a Never-before-seen High! What Does It Mean?
The S&P 500 Index (SP: .INX) and Nasdaq Composite Index (NASDAQ: .IXIC) reached new all-time highs on Wall Street last night. It should be a cause for celebration. If only the record weren't accompanied by a more sinister number cracking into uncharted territory, too.
Warren Buffett Fave Occidental Petroleum Stock (NYSE:OXY) Gets a Trump Boost
Legendary investor Warren Buffett is well known for making sensible decisions, and one of his favorite oil companies, Occidental Petroleum (NYSE:OXY), stands poised for a potentially significant boost from Republican challenger and former President Donald Trump. Following a disastrous debate performance by current President Joe Biden, the Democrats are in big trouble.
Berkshire Hathaway Equity Portfolio Tops $400 Billion. The Stock Is Lagging
Berkshire Hathaway's equity portfolio has moved above $400 billion led by a recent surge in the company's largest holding, Apple, which hit a record high Tuesday.
Microsoft bought billions of dollars in carbon credits from Occidental Petroleum, which is heavily favored by Buffett, in a record-breaking deal.
Occidental Petroleum, one of the largest petroleum producers in the USA and a petroleum stock favored by the stock god Buffett, will sell 0.5 million carbon credits to Microsoft within six years. The latest agreement highlights the enormous challenge faced by the technology industry in fulfilling its climate commitments, as the demand for electrical utilities surges under the impetus of the artificial intelligence boom.
Microsoft Teams Up With 1PointFive For Carbon Capture Deal: Details
1PointFive, a carbon capture, utilization, and sequestration (CCUS) unit of Occidental Petroleum (NASDAQ:OXY), has announced a significant agreement with Microsoft Corp (NASDAQ:MSFT) to sell 500,000
Unusual Options Activity: ON, SHOP and Others Attract Market Bets, ON V/OI Ratio Reaches 171.4
EST Jul 9th Morning Delivery - In the last two hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options trends.
Supply Risk Drives Oil Market Upside – TDS
Oil market upside is driven by supply side risk. Meanwhile, the impact to oil supply from hurricane Beryl was less than expected, adding further downward pressure to the market, TDS Senior Commodity Strategist Ryan McKay notes.
Russian crude oil exports hit the biggest weekly drop since the Russia-Ukraine conflict.
According to the Wise Finance app, in the seven days ending on July 7th, Russian crude oil exports saw the largest decrease since the outbreak of the 2022 Russia-Ukraine conflict, and the volatility’s four-week average fell to its lowest level since February of this year. Ship tracking data and port agent reports show that as of the week of July 7th, a total of 25 oil tankers loaded 18.7 million barrels of Russian crude oil. This number is a significant decrease from the previous week's 25.66 million barrels. As of the week of July 7th, the daily marine transportation volume of Russian crude oil has decreased by about 0.99 million barrels to 2.67 million barrels, which is the lowest level since the last week of January, when a storm occurred.
Express News | 1Pointfive Announces Agreement to Sell 500,000 Metric Tons of Direct Air Capture Carbon Removal Credits to Microsoft