The Latest Breaking News from Petroleum

Occidental Petroleum is an oil and gas stock that is also part of Warren Buffett's equity portfolio. Trading at a cheap valuation, is OXY a good stock to own right now?

South Africa’s Department of Mineral Resources and Energy was split in two after the 2024 general elections: Electricity and Energy and Mineral and Petroleum Resources. Part of the reason was to prevent conflicts of interest. Before the 2024 elections, the transition to renewable energy was at odds with the development…

In 2023, 83% of energy consumption was from fossil fuels, 9% was from nuclear power, and 9% was from renewable energy.

Like the petroleum industry itself, households are heavily invested in existing transport technologies. Getting oil and gas companies – and consumers – to switch to zero-emissions transport is a huge challenge.

A $5 million prime-time ad campaign is aimed at climate policies the industry claims make life miserable for Californians.

Warren Buffett's Berkshire Hathaway has been trimming its stake in Apple while increasing its positions in two dividend stocks, Chubb Limited and Occidental Petroleum Corporation, which have caught investors' attention with their strong financial performance and growth potential.

Marathon Petroleum has underperformed the broader market over the past year, yet analysts remain moderately bullish on the stock’s prospects.

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Nearby NYMEX crude oil prices reached a 2024 high in mid-April. After falling to an early June low, prices recovered to a lower high in early July, where they ran out of upside steam. As the fall and winter approach, crude oil is trending lower, but the upcoming U.S. election…