Following the purchases, Warren Buffett’s Berkshire Hathaway now owns about 194.4 million Occidental Petroleum shares worth approximately $11.9 billion, based on Occidental’s closing price of $61.41 on Sept. 28.
Kimmeridge Energy, which spent more than $100 million to acquire SilverBow Resources stock, recently acquired another Eagle Ford E&P—Laredo Energy, an analyst said.
Hess subsidiary HONX filed for Chapter 11 protection in Houston on April 29, saying it intended to take advantage of the “breathing spell” of a bankruptcy case to reach a fair and efficient resolution of asbestos claims against Hess.
Tellurian Inc.’s decision to pull a $1 billion bond deal related to its Driftwood project will “jeopardize” initial LNG exports slated for early 2026 while the search for equity partners intensifies.
Effective immediately, Magnolia Oil & Gas on Sept. 21 named Christopher Stavros, the company’s CFO, as president and CEO. The company said Stephen Chazen will no longer be able to serve in his positions due to serious health reasons.
APA Corp.’s dividend boost represents annualized 2.4% dividend yield exceeding the current S&P 500 yield of roughly 1.7%, according to TPH analyst Jeoffrey Lambujon.
With the appointment of Barbara Baumann as board chairman, CEO Rick Muncrief said Devon Energy is continuing its governance tradition of separating the chair and CEO roles.
Wael Sawan, currently director of integrated gas, renewables and energy solutions, is expected to help continue Shell’s green transition strategy when he takes over as CEO from Ben van Beurden early next year.
Capricorn’s board supports the merger, but the group also said last week it was exploring alternative deals after unnamed parties expressed interest.
Cheniere Energy says operational excellence has enabled accelerated and enhanced execution of its capital allocation plan and will fuel further debt reduction and continued share repurchases and higher dividends.