Occidental Petroleum Issues Statement Regarding Icahn Filing (Seite 10) | Diskussion im Forum

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Endlich ein Zeichen...

https://www.cnbc.com/2023/03/07/warren-buffetts-berkshire-ha…
Warren Buffett hat sich also doch noch entschieden, OXY aufzustocken..., so ist's recht!

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HOUSTON--(BUSINESS WIRE)--Siemens Energy compressors will be used at Occidental’s first large-scale Direct Air Capture (DAC) plant in Texas’ Permian Basin developed by 1PointFive, a subsidiary of Occidental. The two compressor packages will enable the plant to capture up to 500,000 metric tons of CO2 per year when fully operational. The announcement was made today by Siemens Energy President and CEO Christian Bruch and Occidental President and CEO Vicki Hollub at the 41st annual CERAWeek energy conference hosted in Houston, TX, USA.

https://www.businesswire.com/news/home/20230306005093/en/Wor…

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Oxy and Anadarko: how the ‘dumbest deal in history’ paid off for Vicki Hollub

Feared to be facing bankruptcy three years ago, oil producer Occidental is set to report its biggest-ever earnings


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https://www.ft.com/content/67c58425-776c-4ff4-97eb-36a9acd68…

The move has made the company a major beneficiary of the Inflation Reduction Act, Joe Biden’s sweeping $369bn climate law, which pumps huge funds into carbon capture and storage. But the shift, which includes a $1bn investment on as-yet unproven direct air capture, is also another gamble for Hollub, analysts say.

With Buffett on board, Hollub has access to one of the best capitalised balance sheets in the world. His involvement at the time of the deal was critical: the use of preferred shares helped safeguard Oxy’s credit ratings while also avoiding the need for a shareholder vote on the takeover, something the Anadarko board refused to entertain.

Berkshire has since scooped up far more of Oxy, buying more than 20 per cent of its common stock in the open market. The purchases have fuelled speculation that Berkshire could one day make a full-throated play for the US oil company, in part because Buffett’s company has won approval to buy up to half of Oxy.

“He really likes her and feels like she is a super high quality chief executive,” Jim Shanahan, an analyst at Edward Jones, said of Buffett’s view of Hollub. “Perhaps there is a link he sees to combine interests” between Oxy and Berkshire’s own energy and utility businesses.

But there are clouds on the horizon. Shale producers, including Oxy, have successfully ridden a wave of rising oil prices since Russian troops spilled into Ukraine. But those prices have been steadily drifting lower in recent months. And banking on supplying more oil in a world otherwise needing to curb its consumption of fossil fuels remains the biggest gamble of all.

Hollub was unlucky that a global pandemic arrived just at the wrong time. But she has been fortunate that an invasion has helped rescue her company’s stock price too.

“Oxy weathered the storm,” said LeBlanc. “And it is in a pretty strong position both in its core business and with the risks that they’re taking. I don’t know if those risks are going to pan out — but they’re in a pretty good position in terms of their approach and strategy — and on the execution — so far.”




https://www.ft.com/content/67c58425-776c-4ff4-97eb-36a9acd68…

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Occidental Petroleum Non-GAAP EPS of $1.61 misses by $0.22

Feb. 27, 2023 4:18 PM ETOccidental Petroleum Corporation (OXY)By: Gaurav Batavia, SA News Editor

Occidental Petroleum press release (NYSE:OXY): Q4 Non-GAAP EPS of $1.61 misses by $0.22.

New $3.0 billion share repurchase authorization and 38% increase to common dividend

Worldwide year-end proved reserves of 3.8 billion BOE, with reserves replacement of 172% and finding and development costs of $6.60 per BOE

https://seekingalpha.com/news/3941412-occidental-petroleum-n…

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https://www.barrons.com/amp/articles/occidental-stock-price-…

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And while the 13-G shows 278.2 million shares of Occidental Petroleum, that number includes some 83.9 million warrants to buy the stock that Berkshire has held for nearly four years, and that Berkshire continues to own 194.3 million shares, a 21% stake in the oil company, and no more. Those warrants can be exercised at around $60 a share. Warrants are long-term call options that allow the holder to buy stock at a predetermined price. Occidental closed at $66.36, up 2.5%, meaning the warrants are in the money.

https://www.barrons.com/articles/berkshire-hathaway-occident…

[Izab13]

Antwort auf Beitrag Nr.: 73.297.739 von Soundcheck am 15.02.23 11:39:06

Er hat doch selbst bei 70€ noch einiges gekauft!?

[Soundcheck]

WB kauft nicht mehr...

Die Frage, die sich mir seit geraumer Zeit stellt, ist die: Warum kauft Warren Buffett bei diesen Kursen hier nicht weiter zu? Es war ja auch einmal die Rede davon, OXY zu übernehmen....

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Oil, Gas, and Warren Buffett: The Oxy Story
MON., FEBRUARY 13, 2023

https://www.marketbeat.com/videos/oil-gas-and-warren-buffett…


In this video, we'll take a closer look at Occidental Petroleum, one of the largest oil and gas exploration and production companies in the world, and Warren Buffett, one of the most successful investors of all time. We'll explore the history of Occidental Petroleum and examine the impact that Warren Buffett and Berkshire Hathaway had on the company. Additionally, we'll delve into Warren Buffett's investment philosophy and why he chose to invest in Occidental Petroleum. So, whether you're a fan of Occidental Petroleum, Warren Buffett, or just interested in the energy sector and investment opportunities, this video is for you