HOUSTON, March 13, 2024 (GLOBE NEWSWIRE) -- 1PointFive, a carbon capture, utilization and sequestration (CCUS) company, today announced that AT&T has agreed to purchase carbon dioxide removal (CDR) credits from STRATOS, 1PointFive's first large-scale Direct Air Capture (DAC) facility that is currently under construction in Texas. The purchase, announced today, is a part of AT&T's commitment to reduce carbon emissions and become carbon neutral in its global operations by 2035. STRATOS is designed to capture ...

In this video, Motley Fool contributors Jason Hall and Tyler Crowe share two smaller oil stocks that investors should consider before buying Occidental Petroleum (OXY -0.41%): Unit (UNTC -1.71%) and Devon Energy (DVN 0.59%).*Stock prices used were from the afternoon of March 5, 2024. The video was published on March 9, 2024. ...

If you own a stake in Occidental Petroleum (OXY 1.24%), then you probably already know Warren Buffett's also a fan. Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) owns nearly 244 million shares of the oil and gas giant... a position that's been steadily added to since 2019 and is now worth a total of $14.5 billion. Buffett even mentioned Occidental's "vast oil and gas holdings" in his recent annual letter to Berkshire shareholders, underscoring the idea that the company is making adequate investments in its ...

In 1988, Warren Buffett famously wrote to Berkshire Hathaway (BRK.A -2.16%) (BRK.B -1.94%) shareholders that "our favorite holding period is forever." That mantra is part of Buffett's long-term investment philosophy of investing in high-quality businesses run by strong management teams. While Buffett would love to hold all his stock forever, few stand the test of time. However, one stock Buffett sees as a potential forever holding is Occidental Petroleum (OXY 0.75%). Here's a look at what Buffett had to say ...

Occidental Petroleum (OXY -0.84%) stock has been stuck going sideways for months. One year ago, shares traded for roughly the same price they trade at today.In 2024, Occidental stock could finally take off. Under the hood, the financials remain strong. A big catalyst toward the end of the year could add significant value. And with climate change a growing concern among major institutional investors, Occidental stands to take attention away from its competition for years to come.Exactly how much upside could ...

Occidental Petroleum (OXY 1.53%) is reportedly exploring a sale of its stake in Western Midstream Partners (WES -2.04%). The oil giant owns nearly half of the master limited partnership (MLP). A sale would enable it to quickly repay the debt it will incur by acquiring CrownRock.Here's a look at why Occidental wants to cash in on its stake in the high-yielding MLP (it currently yields 7.5%) and which companies might be interested in the midstream specialist.Seeking to make quick work of its funding planOccid ...

Occidental Petroleum (OXY) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this oil and gas exploration and production company have returned +5% over the past month versus the Zacks S&P 500 composite's +3% change. The Zacks Oil and Gas - Integrated - United States industry, to which Occidental belongs, has gained 4% over this period. Now the key question is: Where coul ...

Occidental Petroleum (OXY -1.59%) is known for being a top portfolio holding of Warren Buffett's Berkshire Hathaway. But investors who have been paying attention to the oil patch for a while may also know it as one of the more aggressive exploration and production (E&P) companies in the U.S.CEO Vicki Hollub has a reputation for fearlessly targeting acquisitions and ramping up fossil fuel production. Oxy outbid Chevron (CVX -0.41%) in 2019 to acquire Anadarko Petroleum, a move that initially backfired on it ...

About this content About William Farrington William kickstarted his career as a researcher and reporter for a global legal publication, covering everything from public law to M&A. Before moving to Proactive Investors, he worked as a reporter for a major fintech company with a focus on cryptocurrency and blockchain technology. Harking from Queensland, Australia, William obtained first-class honours in journalism and media from Birkbeck University before going on to complete an MA in creative and critical ...

Warren Buffett's company, Berkshire Hathaway (BRK.A 0.51%) (BRK.B 0.63%), has famously avoided paying dividends. It has other priorities for the cash it generates, including investing it in buying shares of other companies. One of Berkshire's biggest investments has been in oil giant Occidental Petroleum (OXY 0.68%).While Buffett doesn't want to pay dividends to his investors, they are becoming Occidental's top priority. It has grown its payout rapidly in recent years, which will likely continue.Building ba ...