How Much to Invest to Get $500 in Dividends Every Month
June 18, 2024
2024-06-18 17:00:00 ET A stable passive income would lower the impact of higher commodity p…
Warren Buffett Now Has an Almost 29% Stake in Occidental Petroleum (OXY) Stock
June 18, 2024
2024-06-18 15:44:48 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
U.S. shale oil production to grow for years before peaking despite OPEC+ predictions, HSBC reports
June 18, 2024
World Oil (Bloomberg) – U.S. shale drillers will continue to raise oil production for years before the juggernaut stalls around 2028, dashing OPEC+ hopes for a quicker fall-off in American output growth, according to HSBC Holdings Plc. Improvements in drilling and fracking techniques amid a wave of corporate takeovers will drive the expansion and more than offset recent reductions in
Berkshire increases Occidental Petroleum stake to nearly 29%
June 18, 2024
Yahoo Finance Berkshire Hathaway, led by billionaire Warren Buffett, has raised its ownership in Occidental Petroleum to just under 29%, reported Reuters, citing a regulatory filing. The move follows the acquisition of an additional 2.95 million shares, as revealed by a regulatory filing. The filing with the US Securities and Exchange Commission indicated that Berkshire Hathaway invested around $176m for the
States sue BOEM over “egregious” $7 billion decommissioning rule targeting small oil and gas companies
June 18, 2024
World Oil (WO) – Texas, Louisiana, and Mississippi have sued the U.S. government to block a proposed rule by the Biden administration that would require offshore oil and gas companies to provide nearly $7 billion in financial assurances for decommissioning old infrastructure. The decommissioning rule, targeting smaller companies lacking investment-grade ratings or sufficient proven reserves, supposedly “protects” taxpayers from covering
US judge dismisses Exxon case against activist investor over proxy filing
June 18, 2024
BOE Report A U.S. judge on Monday dismissed a lawsuit Exxon Mobil had filed against activist group Arjuna Capital after the group had agreed not to pursue future proxy filings at the company’s annual meetings. The lawsuit by the largest U.S. oil company had raised alarm among activists and public pension investors who argued it would muzzle debate among shareholders and public
US unveils rules for subsidies to boost clean energy wages
June 18, 2024
U.S. News President Joe Biden’s administration on Tuesday unveiled final rules for new clean energy subsidies in an effort to make jobs and wages in green industries competitive with those in oil and gas. The guidelines for companies seeking to claim tax credits tied to job quality are aimed at delivering on Biden’s vision that fighting climate change will create
3 Oil & Gas Stocks to Buy Now: June 2024
June 18, 2024
2024-06-18 07:00:00 ET InvestorPlace – Stock Market News, Stock Advice & Trading Tips…
