Occidental Petroleum, backed by Warren Buffett, beat Q4 earnings forecasts on strong oil output and debt reduction, sending shares up nearly 3% after hours.
#YonhapInfomax #OccidentalPetroleum #Q4Earnings #OilProduction #DebtReduction #AfterHoursTrading #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105801
'Buffett's Pick' Occidental Surprises with Strong Q4 Earnings—Shares Jump 2.9% After Hours

Occidental Petroleum, backed by Warren Buffett, beat Q4 earnings forecasts on strong oil output and debt reduction, sending shares up nearly 3% after hours.

Yonhap Infomax
Analysts have estimated a fair value of $55.05 for #OccidentalPetroleum | before #Maduro

#Trump to #BigOil Execs: Give Me $1 Billion and I’ll Help You Wreck the Planet

“You won’t read a more important story today,” said one commentator. “Trump is willing to literally destroy the planet for $1 billion.”

Jake Johnson
May 09, 2024

"Presumptive Republican presidential nominee Donald Trump made a straightforward offer to some of the top fossil fuel executives in the United States during a dinner at his #MarALago club last month, which marked the hottest April on record.

According to new reporting, Trump pledged to swiftly gut climate regulations put in place by the Biden administration if the oil and gas industry raises $1 billion for his 2024 presidential campaign.

The “remarkably blunt and transactional pitch,” reported by The Washington Post, was Trump’s latest explicit statement of his intention to give the fossil fuel industry free rein to wreck the planet if he wins a second term in power. Executives from #Exxon, #Chevron, #OccidentalPetroleum, and other prominent fossil fuel companies reportedly attended the Mar-a-Lago dinner.

Late last year, Trump said he would be a dictator on the first day of his second term, vowing to use his executive authority to “close the border” and “drill, drill, drill” for the fossil fuels that are driving global temperatures to catastrophic extremes and imperiling hopes for a livable future.

The Post reported Thursday that Trump said a $1 billion investment in his run against Democratic President Joe Biden would be a “deal” for Big Oil “because of the taxation and regulation they would avoid thanks to him.”

“The contrast between the two candidates on climate policy could not be more stark,” the Post noted. “Biden has called #GlobalWarming an ‘existential threat’ and over the last three years, his administration has finalized 100 new #environmental regulations aimed at cutting #AirPollution and #GreenhouseGas emissions, restricting toxic chemicals, and conserving public lands and waters. In comparison, Trump has called #ClimateChange a ‘hoax,’ and his administration weakened or wiped out more than 125 environmental rules and policies over four years.”

Will Bunch, a columnist for The Philadelphia Inquirer, wrote in response to the Post‘s reporting that “you won’t read a more important story today.”

“Trump is willing to literally destroy the planet for $1 billion,” Bunch added. "

Read more:
https://www.commondreams.org/news/trump-oil-industry-donations

#USPol #TrumpLies #ExxonLies #Corporatocracy #CorporateColonialism #Alaska #California #Florida #WaterIsLife #PowerCorruptionAndLies #Oiligarchy #BigOil #FossilFuels #TrumpIsAFossil #TrumpIsAFascist

Trump to Big Oil Execs: Give Me $1 Billion and I'll Help You Wreck the Planet | Common Dreams

"You won't read a more important story today," said one commentator. "Trump is willing to literally destroy the planet for $1 billion."

Common Dreams
Houston-based Occidental Petroleum to sell chemical business to Berkshire Hathaway in nearly $10 billion deal

Occidental said the deal will help the company pay down its debt.

Houston Public Media
Berkshire Hathaway will acquire Occidental Petroleum’s OxyChem unit for $9.7 billion, marking its largest deal in three years and boosting Occidental’s debt repayment efforts.
#YonhapInfomax #BerkshireHathaway #OccidentalPetroleum #OxyChem #Acquisition #DebtRepayment #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84633
Berkshire Finalizes Acquisition of Occidental’s OxyChem Petrochemical Unit

Berkshire Hathaway will acquire Occidental Petroleum’s OxyChem unit for $9.7 billion, marking its largest deal in three years and boosting Occidental’s debt repayment efforts.

Yonhap Infomax
Berkshire Hathaway is nearing a $10 billion deal to acquire Occidental Petroleum's OxyChem unit, marking its largest acquisition since 2022 and reinforcing its position as Occidental's top shareholder.
#YonhapInfomax #BerkshireHathaway #OccidentalPetroleum #OxyChem #Acquisition #CashReserves #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84407
Berkshire Hathaway Nears $10 Billion Acquisition of Occidental Petroleum's OxyChem Unit

Berkshire Hathaway is nearing a $10 billion deal to acquire Occidental Petroleum's OxyChem unit, marking its largest acquisition since 2022 and reinforcing its position as Occidental's top shareholder.

Yonhap Infomax
Energy stocks Occidental Petroleum, ConocoPhillips, and Devon Energy see increased dividend appeal as U.S. stock market plunges, with Warren Buffett's interest in Occidental noted.
#YonhapInfomax #OccidentalPetroleum #ConocoPhillips #DevonEnergy #DividendYield #StockMarketPlunge #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=54241
Occidental, ConocoPhillips See Dividend Appeal Rise Amid Stock Plunge

Energy stocks Occidental Petroleum, ConocoPhillips, and Devon Energy see increased dividend appeal as U.S. stock market plunges, with Warren Buffett's interest in Occidental noted.

Yonhap Infomax

ICAO: A88EDE
Flt: N650XY #OCCIDENTALPETROLEUM
First seen: 2025/01/23 20:18:09
Min Alt: 12483 m AGL
Min Dist: 20.11 km

https://globe.adsbexchange.com/?icao=a88ede&lat=52.903290&lon=5.888672&zoom=12&showTrace=2025-01-23
#adsb #aboveFRL #EHLW

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ADS-B Exchange - track aircraft live - aircraft flight history