Exxon May Be Making ‘More Than God.’ But Apple and Alphabet Are More Profitable.

Text size President Biden, who is hurting politically due to high inflation, took a swipe at industry leader Exxon Mobil on Friday. Brandon Bell / Getty Images Exxon Mobil may be making “more than God this year,” as President Joe Biden said Friday in Los Angeles, but it’s far from the most profitable company in … Read more

Warren Buffett Is Buying Stock Again. What It Means for the Stock Market.

Text size Berkshire Hathaway CEO Warren Buffett has recently made big bets on Chevron and Occidental Petroleum, along with other stocks. Drew Angerer / Getty Images Warren Buffett sat out much of the post-Covid-19 selloff to the detriment of Berkshire Hathaway shareholders. But in the first quarter of 2022 — with stocks once again falling … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more

Berkshire Hathaway First Quarter Operating Profits Edged Higher as Buybacks Slowed

Berkshire Hathaway made a big bet on other stocks in the first quarter, and energy was a favorite. Warren Buffett’s company bought $ 51.1 billion worth of equities in the quarter, according to the company’s 10-Q filing. Among the purchases were billions of dollars worth of Chevron (ticker: CVX) and Occidental Petroleum (OXY). Berkshire also … Read more

Russia-Ukraine war shows need for various US tech supply chains

Russia-Ukraine war shows need for various US tech supply chains | Fortune You need JavaScript enabled to view it. .

BP to Exit 20% Stake in Russia’s Rosneft

BP said Sunday it would exit its nearly 20% stake in Russian oil company Rosneft and that its CEO Bernard Looney would resign immediately from Rosneft’s board. The British oil and gas giant said it has held the 19.75% stake since 2013. In a statement Sunday, BP (ticker: BP) said it expects a material non-cash … Read more