Energy Stocks Oneok and Chesapeake Energy Are Down. Execs Bought Up Shares.

Text size Energy firms Oneok and Chesapeake Energy saw large insider share purchases. Two energy firms caught up in a recent price slump saw large insider share purchases. President Joe Biden’s pledge to increase natural gas exports to Europe has not benefited every name in that sector. In fact, a fire at a liquefied-natural-gas … Read more

America’s richest oilman, Harold Hamm, wants to take his company Continental Resources private

Continental Resources Inc. shares jumped nearly 15% Tuesday after shale pioneer and billionaire Harold Hamm offered to take private the shale oil and gas company he founded for about $ 4 billion. Continental CLR, + 14.11% earlier Tuesday said that Hamm and family offered to take the company private for $ 70 a share, a … Read more

Oil prices drop ahead of OPEC + meeting on report Saudis will make up for any lost Russian supply

Oil prices fell on Thursday ahead of an OPEC + meeting, after a report surfaced that Saudi Arabia was prepared to pump more oil to compensate for any Russian output loss. Price action West Texas Intermediate crude for July delivery CL.1, -2.33% CLN22, -2.33% fell $ 2.20, or 1.9%, to $ 113.07 a barrel. Oil … 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