Occidental Petroleum forecasts flat production and $5.9 billion capital spending in 2027, prioritizing debt reduction ahead of redeeming Berkshire Hathaway's equity stake. The company aims to lower pr
Occidental Petroleum's new CEO Richard Jackson prioritizes debt reduction and shareholder returns amid heavy dividend obligations to Berkshire Hathaway. Analysts suggest the company needs acquisitions
Berkshire Hathaway reduced its Chevron stake by one-third, selling $8 billion in shares during Q1 as oil prices reached record highs amid geopolitical tensions.
Berkshire Hathaway reported an 18% rise in Q1 operating profit to $11.35 billion with record cash holdings. The conglomerate also confirmed its January $9.5 billion acquisition of Occidental Petroleum
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