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Top related persons:
Vicki Hollub - 4 Carl Icahn - 3 Icahn - 3 Illumina - 3 Charles Dadswell - 3 DeSouza - 3 John Thompson - 3 Andrew Teno - 3
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Occidental Bengaluru New York New Jersey Berkshire Illumina
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LinkedIn - 3 U.S . Federal Trade Commission - 3 Thomson - 3 Occidental Petroleum - 2 Occidental - 2 Nasdaq - 2 Unilever Plc - 2 Berkshire Hathaway's - 1

Search resuls for: "Occidental Petroleum's"


11 mentions found


☆ Warren Buffett's $13 billion bet on Occidental Petroleum turns sour as oil prices hit a 3-year low
  + stars: | 2024-09-12 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +4 min
Occidental Petroleum shares have dropped 29% since mid-April, impacting Warren Buffett's stake in the company. Berkshire Hathaway's $13 billion stake in Occidental Petroleum may be underwater, based on estimates. The price decline in Occidental shares has coincided with a 23% decline in crude oil prices since mid-April. AdvertisementTo be clear, the average price Berkshire Hathaway paid for its Occidental Petroleum stake is only known by Berkshire Hathaway itself. Another sign that Berkshire Hathaway's Occidental Petroleum bet is souring is based on the warrants it owns to purchase additional shares.
Persons: Warren Buffett's, —, Warren, Warren Buffett's Berkshire, Buffett, Berkshire Hathaway, Chris Bloomstran, Semper Augustus, Bloomstran, Vicki Hollub, it's, Hollub Organizations: Occidental Petroleum, Berkshire Hathaway's, Service, Warren Buffett's Berkshire Hathaway, Berkshire, Berkshire Hathaway's Occidental Petroleum, Apple, Bank of America, Occidental, Occidental Petroleum's Locations: Berkshire, Occidental
☆ Cramer's Lightning Round: 'I don't like AT&T'
  + stars: | 2023-11-01 | by ( Julie Coleman | ) www.cnbc.com   time to read: +2 min
Stock Chart Icon Stock chart icon Lucid's year-to-date stock performance. Stock Chart Icon Stock chart icon Occidental Petroleum's year-to-date stock performance. Stock Chart Icon Stock chart icon Adient's year-to-date stock performance. Stock Chart Icon Stock chart icon Marvell's year-to-date stock performance. Stock Chart Icon Stock chart icon Edwards Lifesciences' year-to-date stock performance.
Persons: Northrop, you've, I'm, hasn't, Warren Buffett, Matt Murphy, Matt, Emerson, Edwards Lifesciences, Edwards Organizations: Northrop Grumman, Occidental, Occidental Petroleum, Marvell, Broadcom
☆ Illumina CEO deSouza resigns after proxy battle with Icahn
  + stars: | 2023-06-12 | by ( ) www.reuters.com   time to read: +3 min
The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return. He had secured more than twice the number of shareholder votes than his challenger received in the proxy vote, which could have given him enough legitimacy to hang on.
Persons: Francis deSouza, Carl Icahn, Icahn, Illumina, Charles Dadswell, DeSouza, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Mark Porter, Marguerita Choy, Edwina Gibbs Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Illumina, Occidental, Bengaluru, New York, New Jersey
☆ Illumina CEO deSouza resigns after battle with Icahn
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +3 min
Analysts said they expect the company's shares to trade up on Monday morning after deSouza's resignation. The Grail deal "has kept a lot of investors out of the stock" TD Cowen analyst Dan Brennan said. The company's shares have lost about 60% of their value since completing the Grail deal in 2021. Illumina shares closed at $200.53 on the Nasdaq on Friday. Icahn has said he wants former Illumina CEO Jay Flatley to return.
Persons: Francis deSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, deSouza's, Cowen, Dan Brennan, Francis, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Michael Erman, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter, Marguerita Choy Organizations: Nasdaq, LinkedIn, Unilever Plc, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York, New Jersey
☆ Illumina CEO Francis DeSouza resigns after battle with Icahn
  + stars: | 2023-06-11 | by ( ) www.reuters.com   time to read: +2 min
June 11 (Reuters) - Illumina (ILMN.O) Chief Executive Officer Francis DeSouza stepped down on Sunday, the gene-sequencing machine maker said in a statement, ending a battle with activist investor Carl Icahn in which the company's chairman left the company earlier this year. Illumina said it named Senior Vice President and General Counsel Charles Dadswell as interim CEO. Icahn in a tweet said he is happy with the recent changes at Illumina and considers them a "very positive occurrence." Icahn has said he wants former Illumina CEO Jay Flatley to return. Vicki Hollub, for instance, remains Occidental Petroleum's (OXY.N) CEO after the company cut a deal with Icahn over board seats in 2020 and after Icahn cashed out two years later.
Persons: Francis DeSouza, Carl Icahn, Illumina, Charles Dadswell, DeSouza, Icahn, John Thompson, Andrew Teno, Jay Flatley, Vicki Hollub, Alan Jope, Management's Nelson Peltz, Lavanya, Caroline Humer, Anirban Sen, Jason Neely, Jan Harvey, Mark Porter Organizations: LinkedIn, Unilever, U.S . Federal Trade Commission, Thomson Locations: Occidental, Bengaluru, New York
☆ UBS shares its 5 top takeaways for investors from Berkshire Hathaway's 'best annual meeting in years' — including how Warren Buffett's successor will take over
  + stars: | 2023-05-09 | by ( James Faris | ) www.businessinsider.com   time to read: +6 min
Berkshire Hathaway had a successful annual meeting following its Q1 earnings report. Warren Buffett's Berkshire Hathaway had its "best annual meeting in years" over the weekend, according to UBS analyst Brian Meredith — and it wasn't just because of its strong earnings report. 5 top takeaways from Berkshire Hathaway's annual meetingStrong earnings results were just one impressive component from Berkshire Hathaway's annual meeting. "We viewed Berkshire's 2023 annual meeting as the best in several years with quality questions and insightful answers," Meredith wrote. After BNSF undershot on volumes and suffered from higher compensation costs, Berkshire investors may start to wonder if the company would reconsider its stance against PSR.
☆ Exxon CEO's pay rose 52% in 2022, highest among oil peers
  + stars: | 2023-04-13 | by ( Sabrina Valle | ) www.reuters.com   time to read: +2 min
Oil company workers did not see the same level of increases with median annual compensation for workers declining at several big energy companies. The median pay for an Exxon worker fell 9% last year to $171,582 while Chevron's median worker pay dropped 12%, to $161,488, filings showed. The two largest U.S. oil majors posted record profits in 2022 on high energy prices and costs cuts measures including payroll reductions. Occidental Petroleum's CEO Vicki Hollub's pay rose 35% while ConocoPhillips CEO Ryan Lance's pay fell 16%, all compared to their prior year. Under a new calculation disclosure required by the SEC on potential gains by executives on unvested stock awards, Woods' pay was $89.7 million in 2022, a securities filing showed.
☆ Warren Buffett's Berkshire Hathaway snaps up $355 million of Occidental stock, boosting its stake in the energy giant to over 22%
  + stars: | 2023-03-08 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
Warren Buffett's Berkshire Hathaway has resumed buying Occidental Petroleum's stock after a five-month break. Buffett's company spent $355 million in three days, raising its stake in the energy giant to 22.2%. Occidental's stock soared nearly 120% last year, making it the S&P 500's best performer of 2022. Buffett's company scooped up 5.8 million Occidental shares during the past three trading days, boosting its stake to 200 million shares or 22.2%, a Securities and Exchange Commission filing on Tuesday revealed. Occidental's stock price surged by nearly 120% last year, making it the S&P 500's top performer of 2022.
☆ Stocks making the biggest moves after hours: Zoom Video, Occidental Petroleum, Workday and more
  + stars: | 2023-02-27 | by ( ) www.cnbc.com   time to read: +1 min
Eric Yuan, founder and CEO of Zoom Video Communications, stands before the opening bell during the company's initial public offering at the Nasdaq MarketSite in New York on April 18, 2019. First-quarter earnings per share guidance came in above expectations, according to Refinitiv. The energy giant missed analysts' expectations for fourth-quarter earnings and revenue, according to Refinitiv. Workday — Workday's stock fell 1% even after the human resources software company beat Wall Street's fourth-quarter revenue and earnings expectations, according to Refinitv. Hims & Hers posted a smaller-than-expected loss for the fourth quarter and revenue that came in slightly above Wall Street's expectations, according to Refinitiv.
☆ Occidental Petroleum CEO pushes back against California plans to fine Big Oil firms: 'They don't understand the industry'
  + stars: | 2022-12-07 | by ( Zahra Tayeb | ) www.businessinsider.com   time to read: +3 min
Occidental Petroleum's CEO hit back at California politicians over plans to fine Big Oil firms. California lawmakers unveiled plans to charge oil firms for their huge profits on high gas prices. "California's price gouging penalty is simple – either Big Oil reins in the profits and prices, or they'll pay a penalty," Newsom said. The average California gas price was $4.665 as of Wednesday, according to AAA. Gas prices have seen a modest pullback in step with a recent drop in oil prices, thanks to President Joe Biden's decision to release record amounts of crude from US reserves to help curb inflation.
☆ Warren Buffett's Berkshire Hathaway likely boosted its Chevron bet last quarter. Here are 6 key insights from its Q3 earnings.
  + stars: | 2022-11-08 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +5 min
Berkshire benefited from higher interest rates and a stronger US dollar. It also revealed the billion-dollar hit to its insurance business from Hurricane Ian, and the positive impact of higher interest rates and a stronger US dollar on its operations. The discrepancy suggests it raised its stake to about 170 million shares last quarter. It owned about 908 million shares of the iPhone maker at the end of December, and purchased nearly 4 million more shares in the second quarter of this year. The US central bank's rate increases boosted the amount of interest that Berkshire earned on its cash and Treasury bills.
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