At first blush it reads like a press release posted when there's little else for a public relations department to talk about that day.There's more to SLB's (SLB 0.75%) plans to acquire 80% of Aker Carbon Capture, however, than there seems to be on the surface. While the $400 million earmarked for the deal will only put a small dent in the oil and gas services giant's current cash hoard of $7.8 billion, the decision itself quietly speaks volumes about where the energy business is ultimately headed. It just s ...

Occidental Petroleum (OXY 1.23%) is one of the most popular oil stocks these days. Warren Buffett has a lot to do with that. His company, Berkshire Hathaway, has been buying shares of the oil giant hand over fist and now owns over a quarter of its outstanding stock. Another big driver of Occidental Petroleum's popularity is its leading position in the prolific Permian Basin. However, it's not the only oil stock focused on that oil-rich region. Rival Diamondback Energy (FANG 0.83%) has quietly built up an im ...

nielubieklonu Occidental Petroleum (NYSE:OXY) is making strides in positioning itself for strength as a carbon-friendly oil producer as the firm further develops its full-cycle well enhancements through CO2 direct air capture and EOR for well enhancements. As the oil industry faces a flat-to-down oil market for eFY24 paired with easing inflationary pressures relating to production, I believe Oxy is well-positioned for optimizing well production through CO2 injection as well as its asset-clustering strat ...

For newcomers to the stock market scene, it’s wise to take cues from successful investors like Warren Buffett, the chairman of Berkshire Hathaway (NYSE: BRK.A).Recently, one of his investments, Occidental Petroleum (NYSE: OXY), showed signs of breaking out of its stagnant price range, as well on the monthly price chart, suggesting a potential to surpass its resistance level at $66. OXY stock price annual price chart. Source: TrendSpider If the ongoing trend persists, OXY’s share price could be primed to sur ...

Occidental Petroleum’s (OXY) strategic investment to strengthen infrastructure, focus on Permian region, divestiture of non-core assets and strength in international operation are going to drive its performance in the long run.However, this Zacks Rank #3 (Hold) stock has to cope with stiff competition, stringent regulations and commodity price fluctuation.TailwindsOccidental has been investing consistently to strengthen its infrastructure and expand operations. The company invested $4.5 billion in 2022 and ...

A month has gone by since the last earnings report for Occidental Petroleum (OXY) . Shares have added about 4.1% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Occidental due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Occidental's Q4 Sales Beat, Earnings Meet Esti ...

Warren Buffett, the renowned investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), has expanded the company’s extensive portfolio by recently extending an Occidental Petroleum Corp (NYSE: OXY) position, and it seems that OXY stock is primed for a surge.Occidental Petroleum stock has experienced a notable breakout above its 200-day moving average, reaching its highest price since early November. This breakout might indicate potential testing of further resistance zones, with the closest one being s ...

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 ...