Berkshire now owns 264 million Occidental shares worth about $12 billion, a 28% stake in the big U.S.-focused energy company.

Occidental Petroleum's fundamentals and valuation have improved, presenting a long-term buying opportunity amid oil and gas market volatility. Learn more on OXY stock here.

Occidental Petroleum (NYSE:OXY) -4.2% in Friday's trading to its lowest in more than a month as Goldman Sachs downgrades to Sell from Neutral with a $45 price target, cut from $54, citing the company's paused focus on capital returns to shareholders until significant balance sheet improvements are realized.

Except the strategic petroleum reserve doesn’t contain cash. The reserve can hold more than 700 million barrels of oil. Right now, it has more than half of that. The reserve, which former President Gerald Ford established in 1975, is spread across four sites in Texas and Louisiana.

The pre-election promise of US President Donald Trump to refill the US Strategic Petroleum Reserve is facing a myriad of challenges.

In case there was any doubt, President Donald Trump made it clear in his inauguration speech that during his second term "we will drill, baby, drill."

NORTHAMPTON, MA / ACCESS Newswire / January 28, 2025 / Marathon Petroleum Corporation Key Points Marathon Petroleum has trained nearly 800 employees, including 700 fleet drivers, to identify and ...

Crude oil consumption and imports are projected to increase further due to increased demand for petroleum fuels and products.

The program, Project CAR, works with local garages in Minnesota to repair damaged exhaust systems at no cost to vehicle owners.

House Bill 1277 has been filed which proposes two revisions to the Arkansas Petroleum Storage Tank Trust Fund. The Bill is

Colorado’s only oil refinery, located in Commerce City and operated by Suncor Energy, based in Alberta, Canada, accounts for about 40% of the state’s market for refined petroleum products, and processes crude oil from several regions, including northern Alberta’s controversial tar sands fields.

President-elect Donald Trump announced a 25% tariff on all products coming in from Mexico and Canada, which could affect the prices of various products.