Occidental Petroleum (OXY) and Magnolia Oil & Gas (MGY) are falling 4% and 3%, respectively, after Goldman Sachs downgraded ...

U.S. drilling activity increased with the Permian Basin leading the surge, as Baker Hughes reports a rise in rig count for ...

Goldman Sachs downgrades Occidental Petroleum to Sell, citing focus on balance sheet improvements over capital returns.

Berkshire now owns 264 million Occidental shares worth about $12 billion, a 28% stake in the big U.S.-focused energy company.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 10, 2024. REUTERS/Brendan McDermid/File Photo U.S. stocks ended lower on Friday, with indexes ...

The real-time price of Brent crude oil is at $76.40 per barrel, and the price of WTI crude oil is at $73.81 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...